Kansas Senate bill funnels $1 billion into rainy-day fund to bridge economic downturns

Kansas state Treasurer Steven Johnson endorsed a Kansas Senate bill requiring a $1 billion increase in the state government’s rainy-day fund. Gov. Laura Kelly recommended addition of $500 million to a fund with a Jan. 1 balance of $980 million. (Sherman Smith/Kansas Reflector)
By Tim Carpenter KansasReflector.com TOPEKA — State Treasurer Steven Johnson endorsed legislation Tuesday adding $1 billion to Kansas’ budget stablization fund and recommended the bill…

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