Opinion Columns & Blogs

Brownback, Legislature not just endangering state bond rating

Brownback
Brownback

Gov. Sam Brownback and some lawmakers were worried that a Senate override of Brownback’s veto of a bill regarding the Docking State Office Building could harm the state’s bond rating (the override failed last week by one vote). Too bad they haven’t shown similar concern about how their actions are harming school districts and state universities. Moody’s Investor Services announced this month that Brownback’s recent 3 percent funding cut to universities was a “credit negative” for the universities. It also concluded that recent budget restrictions the Legislature placed on the University of Kansas were an additional credit negative. Last fall, Moody’s issued a credit negative warning for Kansas school districts regarding Brownback’s block-grant funding system. – Phillip Brownlee

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