Kansas

The state's transportation department plans to sell $200 million of highway fund revenue bonds this summer for its Eisenhower Legacy Transportation Program.

As double-digit revenue growth comes to an end, Southwest governors are crafting budgets to deal with the new normal.

A $25.5 million cash offer plus some equity was made to acquire Legacy Park, which was financed with $284 million of now-defaulted revenue bonds.

States nationwide saw slower general fund revenue growth in fiscal 2023 after gains the previous two fiscal years fueled by high inflation and federal stimulus.

The one-notch upgrade to AA reflects growth in Kansas Department of Transportation available fund balances and the state's improved credit quality, Fitch said.

Public sector employers are in a fierce competition with the private sector for workers and may be losing amid labor shortages and inflation.

Gov. Laura Kelly allowed the bill's enactment without her signature, citing its "potential unforeseen consequences."

The Republican-controlled legislature sent the governor a tax cut bill that included replacing the state's three-tier personal income tax structure with a flat 5.15% rate.

The taxable bonds would finance a bottling and other facilities, which would be leased to a private business.

The growth in March tax collections reported by the states was less robust than a year earlier.