Salina, KS

Now: 91 °

Currently: Clouds

Hi: 91 ° | Lo: 67 °

Kansas School Ruling Noted By Credit Rater

KSAL StaffMarch 15, 2014

A leading credit rating firm says a recent Kansas Supreme Court ruling on school funding was a “negative” event that puts even more pressure on the state’s ability to pay its debts.

Moody’s Investor Service, one of the leading credit rating firms in the country, raised the concerns in its weekly public finance outlook issued late Thursday. Analysts noted that complying with the court’s order to increase funding for two special funds aimed at equalizing spending in poor districts constituted a “credit negative” for Kansas.

Legislators haven’t decided how they will respond to the ruling or where the funding would come from, though there are several options, ranging from using existing state revenues or trimming other areas of government spending.

Copyright © Meridian Media, 2021. All Rights Reserved. No part of this story may be reproduced without Meridian Media’s express consent.

CATEGORIES :



STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Dangerous Sex Offender Ca...
September 28, 2021Comments
Statewide Virtual Job Fai...
September 28, 2021Comments
Free Rides For T-birds
September 28, 2021Comments
KSU Salina, NOAA Signing ...
September 28, 2021Comments

LATEST TWEETS

Read all tweets