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Thursday, May 28, 2020

Brownback Signs Off On $291M State Budget Band-aid

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Derek Nesterhttp://sunflowerstateradiocom.wordpress.com
Derek Nester was born and raised in Blue Rapids, and graduated from Valley Heights High School in May of 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. After stops at KFRM and KCLY radio in Clay Center, he joined KNDY in 2002 as a board operator and play by play announcer. Derek is now responsible for the digital content of Dierking Communications, Inc. six radio stations. In 2005 Derek joined the staff of KCFX radio in Kansas City as a production coordinator for the Kansas City Chiefs Radio Network, which airs on over 94 radio stations across 12 Midwest states and growing. In 2018 he became the Studio Coordinator at the Cumulus Kansas City broadcast center for Kansas City Chiefs Football.

The State of Kansas will use $291 million in internal government borrowing to avoid a deficit in its current budget and pay bills on time through June.

Gov. Sam Brownback signed the budget bill into law Tuesday. The measure allows the state to avoid short-term cuts in aid to public schools, social services and other programs.

The state plans to liquidate a special investment fund and loan most of the proceeds to its main bank account to cover general spending before the fiscal year ends on June 30. The loan is promised to be paid back over seven years.

Kansas will still face projected budget shortfalls totaling $989 million for the next two years starting in July. However, the gaps could shrink Thursday after state officials and university economists issue new revenue projections.

 

 

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