Kansas Budget Plan Mostly Pushes Shortfall Forward
Associated Press - December 11, 2014 7:35 pm
Kansas City Power & Light is appealing a September ruling by Kansas regulators reducing the percentage of annual profit the utility is allowed to return to its stockholders.
A new report from the Kansas Legislature’s nonpartisan research staff shows that Gov. Sam Brownback’s plan for closing a shortfall in the current budget mostly pushes the problem into the next fiscal year.
The researchers released new budget projections Thursday for the Legislative Budget Committee, a panel of lawmakers from both chambers.
It shows that Brownback’s plan eliminates a projected $279 million deficit for the current fiscal year. But it also shows that under his plan, a projected $436 million gap for the fiscal year beginning in July grows to $648 million.
Brownback proposes curing much of the current shortfall in the state’s main bank account by diverting funds from other accounts to it for general government programs. Those funds aren’t included in the next fiscal year.