Kansas Gov. Sam Brownback ordered $56.5 million of spending cuts on Friday to balance the current budget after lawmakers failed to meet his deadline for resolving the revenue shortfall in fiscal 2011.

The Republican governor reduced state aid to K-12 public education by $50.2 million. However, he said the state would seek a $35 million federal jobs grant to soften the financial blow.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.