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Path: Home>Press Thursday, Mar 11, 2010
Topeka, KS Time: 12:33pm
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Letterhead
FOR IMMEDIATE RELEASE
February 16, 2009
For more information, Call:
Tara Gillum
(785) 296-2565
State Treasurer comments on State Finance Council inaction
The following are remarks by State Treasurer Dennis McKinney regarding the refusal of legislative leaders to take action to shore up dwindling state funds.
"The Budget Director's recommendation to transfer money to the state general fund was not about spending or about the budget bill. This was about ensuring that the state can continue to pay its bills until our account balances improve with tax returns in April.

"By failing to act on the recommendation of the state budget director to shore up balances in the general fund, legislative leaders put our reputation as a reliable bill payer and our credit rating at risk.

"This is taking a budget fight one step too far. Through inaction legislative leaders have put in jeopardy the state's ability to make payments for payroll, public schools, health care and income tax refunds.

"The budget director has no partisan agenda in today's proposal to bolster the state's general fund balance. If the State Finance Council had approved his initial recommendation in December, we would not be in the situation we are in today."

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