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Mon June 23, 2014
Kansas borrows millions to pay bills, again
The state of Kansas is loaning itself $675 million to be able to pay its bills. That’s nothing new. That’s how it’s been done for the last 16 years according to the Kansas Health Institute.
The State Finance Council approves the certificate of indebtedness. That transfers money from a fund used to collect fees and payoff bonds to the state’s general operating fund.
Gov. Sam Brownback and the state's top legislative leaders unanimously voted to approve the action.
What has become a routine financial meeting turned into a heated exchange between Republican Brownback and some Democratic lawmakers reported Stephen Koranda for Kansas Public Radio.
The opposing sides debated over the state’s financial policies.
The arguments are likely to be repeated on the campaign trail this fall.
Duane Goosen says current budget won't work
HPPR Government and Politics
Government & Politics