Kansas

As Kansas revenues fell $6.8 million below projections for January, lawmakers began looking for ways to close the expanding budget gap.

A $327 million University of Kansas bond sale that used a Wisconsin conduit issuer drew criticism from lawmakers seeking to ban future out-of-state deals.

Kansas Gov. Sam Brownback plans to cut $25 million in highway spending and enact other cuts as revenue continues to fall.

Kansas revenues fell $27 million below expectations for December, returning to a pattern of shortfalls after a one-month reprieve in November.

The University of Kansas will use the Wisconsin-headquartered Public Finance Authority as conduit for a $350 million lease-revenue bond deal instead of the Kansas Development Finance Authority.

After four months of falling below expectations, Kansas revenues exceeded estimates for November, according to the state Department of Revenue.

In one of its largest deals in recent years, the Kansas Department of Transportation will issue $400 million of revenue bonds for its “T-Works” highway program.

Kansas Gov. Sam Brownback ordered $123 million in spending cuts, transfers and other measures as state revenue estimates continued to fall in November.