For Kansas budget, balance is attainable
wichitaliberty.org
A policy brief from a Kansas think tank illustrates that balancing the Kansas budget while maintaining services and lower tax rates is not only possible, but realistic.
Fri, 19 Sep 2014 19:18:30 +0000
By
What's the best way to create more jobs in Wichita? Come and find out on Friday at the WSU Metroplex. Free and open to the public. Yes Wichita Coalition For A Better Wichita Wichita Metro Chamber of Commerce http://kansaspolicy.org/events/119824.aspx?view=c


Fostering Economic Growth in Wichita
kansaspolicy.org
A discussion on the jobs fund portion of the proposed City of Wichita 1% sales tax. Agenda to be announced.
Mon, 15 Sep 2014 19:53:26 +0000
By
A chance to truly understand the issues facing Wichita voters in November. What is the best way to give more Wichitans a chance to find a job? RSVP in first comment. Voice For Liberty Yes Wichita Coalition For A Better Wichita Wichita Metro Chamber of Commerce http://www.kansas.com/news/local/article2006841.html


Kansas Policy Institute to host public forum on proposed job development fund
www.kansas.com
The Kansas Policy Institute, a conservative Wichita nonprofit organization, is hosting a community forum on the proposed job development fund, which is part of the one-cent-on-the-dollar sales tax that will be on the November ballot.
Wed, 10 Sep 2014 17:19:04 +0000
Last Refreshed 9/23/2014 12:33:34 PM
KPIBlog
Print
End the Hypocrisy Over Use of Reserve Balances
Posted by Dave Trabert on Wednesday, March 14, 2012

Have you noticed that some of the same people who say the State should spend its surplus balance have a completely opposite opinion about school districts?

Today’s story in the Topeka Capital-Journal about House Appropriations recommendations on school funding misstates what was actually proposed.  School funding would not be 'cut' in the sense that money is taken away.  As explained today in the Wichita Eagle, the Governor's budget proposed adding $29 million this year and the House Appropriations action is simply eliminating the proposed increase.

The rationale for not increasing funding is that districts already have the money in carryover cash reserves – state and local tax dollars provided in prior years that were not spent.  Legislation passed last year gives districts the authority to transfer up to $154 million to current operations this year and to date, only $24 million of that authority has been exercised.  Even if districts used the entire $154 million, they would still have about $700 million left over, plus another $837 million in Capital Outlay and Debt Service funds.

School districts' balances in their current operating funds have increased 90% over the last six years, going from $458 million to $868 million.  Those balances increased every single year, which means districts didn't spend all of their tax dollars...every single year.

All government entities need some degree of surplus balances but district balances are much larger than state balances.   And not just in total dollars.  The state's goal is to have the statutorily required ending balance equal to 7.5% of General Fund expenditures.  School districts' ending balances in their current operating funds (everything but capital and debt service) represented 11.7% of current expenditures in 2006 and increased to 16.0% by 2011.  The current reserve ratio is somewhere between 16.6% and 18.8%, depending upon which budget figures one uses from KSDE.  Carryover cash reserve balances by district are available on KansasOpenGov.org.

We agree that excess reserves should be used to fund current operations instead of taking more money from taxpayers.  Those who believe the State of Kansas should give some of it's relatively small surplus to school districts should be consistent and call for school districts to tap their own large reserves instead of asking taxpayers for more money.

Archives