• KPERS pension distribution creates 327 new ‘millionaires’

    KPERS pension distribution creates 327 new ‘millionaires’0

    An Open Records request fulfilled by the Kansas Public Employees Retirement System (KPERS) shows record-setting payouts in 2017 of $1.64 billion.   The number of KPERS ‘millionaires’ also set a new record, with 2,334 government retirees expected to receive more than $1 million in pension benefits over the first 20 years of retirement; that’s 327 more

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  • Kansas Legislature Broke a Lot of Promises

    Kansas Legislature Broke a Lot of Promises0

    Last September I made a very safe prediction for the 2017 session of the Kansas Legislature – “Regardless of who is elected to the 2017 Legislature, January will bring turmoil and major disappointment for many Kansans.”  Like I said, a pretty safe bet…but the rationale ruffled a few feathers.  “Many candidates and special interests say

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  • $1.6 Billion Pension Payouts; Over 2,000 KPERS ‘Millionaires’

    $1.6 Billion Pension Payouts; Over 2,000 KPERS ‘Millionaires’0

    An Open Records request fulfilled by the Kansas Public Employees Retirement System (KPERS) shows record-setting payouts in 2016 of $1.6 billion.   The number of KPERS ‘millionaires’ also set a new record, with 2,007 government retirees expected to receive more than $1 million in pension benefits over their first 20 years of retirement.  Pensions are paid

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  • $11 Billion School Debt Exceeds State Debt

    $11 Billion School Debt Exceeds State Debt0

    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

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  • Kansas Budget can be balanced without a tax increase

    Kansas Budget can be balanced without a tax increase1

    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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  • Fake news in Kansas promotes political agenda

    Fake news in Kansas promotes political agenda0

    An editorial in the Wichita Eagle reminded me that it’s been awhile since I wrote about fake news in Kansas, and there’s a lot.  The Eagle editorial bemoaned a loss of 400 jobs in February but failed to disclose that private sector employment set a new record!  The Bureau of Labor Statistics data comparing February 2016

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