$11 Billion School Debt Exceeds State Debt

Dave TrabertEducation, Tax & Spending

Given media and legislative hyperventilation over state debt levels, one would never know that Kansas’ 286 school districts are deeper in hock than the State of Kansas and its component units (universities, turnpike authority, etc.).  School districts set a new record last year of $5.56 billion in bonded indebtedness and they also have $5.4 billion in unfunded pension liability, putting … Read More

School Debt Sets New Record at $5.56 Billion

Dave TrabertEducation

Kansas school bond debt set another record for the 2015-16 school year at $5.56 billion spread across 183 districts.  Data provided by the Kansas Department of Education shows school districts loaded up on a lot of new debt since 2005: $5.2 billion in new bond debt was issued by 149 districts. Debt Service payments totaled $4.9 billion. Bonded indebtedness increased $2.4 billion … Read More

School districts load up on debt

Dave TrabertEducation

Editor’s Note: The original version of this post was based on published Census data. KPI subsequently discovered that Census inadvertently excluded USD 512 Shawnee Mission data from their reported totals for 2014; KSDE and Census officials confirmed our finding. Census will not republish correct data until 2015 data is released but did provide us with revised Kansas data for Tables … Read More