Cash Reserves Archives - Kansas Policy Institute

School Cash Reserves Nearly Triple State Budget Requirement 0
- Education
- November 27, 2017
State legislators are legally required to keep cash reserves equal to 7.5 percent of General Fund spending but the average Kansas school district had nearly three times that level – 19.3 percent – in reserve at the beginning of the 2017 school year. That disparity should prompt considerable discussion in the upcoming legislative session. A
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School District Cash Reserves at Record Highs 0
- Education
- October 21, 2017
At the same time courts and taxpayer-funded school lawyers claim school districts to lack adequate funding, school district cash reserves set new records last year according to the Kansas Department of Education. Total cash reserves set a new record at just over $2 billion and each major category also set new records. Operating cash reserves
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Kansas Ranked 6th for State School Funding 0
- Education
- June 25, 2017
New data from the U.S. Census Bureau shows Kansas had the 6th highest share of school funding provided by state government in 2015. State school funding comprised 66 percent of total funding in Kansas, while the national average for state school funding was 47 percent. The national average for local taxpayer support was 45 percent
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School Cash Reserves Hit $203 Billion 0
- Education
- June 23, 2017
U.S. Census data just released shows school cash reserves for 45 states set a new record in 2015 at $203 billion, up from $188 billion in 2014. Alaska, Hawaii, Maryland, North Carolina, Virginia and the District of Columbia are not included in the totals because Census says their schools districts’ holdings cannot be separated from
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Kansas Budget can be balanced without a tax increase 1
- Tax & Spending
- May 13, 2017
Ronald Reagan could have been speaking of the 2017 Kansas Legislative Session when he said, “Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.” Despite knowing that state spending is morbidly inefficient (27 percent more per-resident than states without an income
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Kansas budget can be balanced without tax hikes 0
- Tax & Spending
- February 28, 2017
Yes, that’s right, the Kansas budget can be balanced without a tax increase. But first, here’s some background to put the situation in perspective. When the Legislature raised the sales tax rate in 2015 as part of the largest tax hike in Kansas history, many legislators, special interests and media expressed outrage at the impact
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