Kansas Legislators Pass Bill Addressing Budget Shortfall
Kansas Legislators Pass Rescission Bill to Address the Short-Term Budget Shortfall
Kansas Legislators faced a tough deadline last week to pass an emergency rescission bill (H Sub for SB 4) that would address the now $300 million budget shortfall for fiscal year 2015 (ending in June) and prevent the state from defaulting on its financial obligations. The legislation includes several transfers, cuts and delays in funding, including $158 million from the State Highway Trust Fund, $7.9 million in delayed payment to the Kansas Employment Retirement System and $7.1 million from the Job Creation Program Fund. The House of Representatives passed the bill by a vote of 88-34. The Senate passed the bill by a vote of 24-13 sending it to the Governor to sign into law.