The state government borrowed $300 million internally in 2013 to help with its cash flow. Gov. Sam Brownback noted at the time that when he came into office in 2011 (as Kansas was still struggling to emerge from the Great Recession), the state had been borrowing about $700 million. He bragged that the reduced borrowing was evidence that the state’s fiscal situation had improved. Yet when Brownback and other state leaders authorized $900 million in borrowing Wednesday, Brownback blamed the record borrowing on the global economy. Meanwhile, here is what Sen. Anthony Hensley, D-Topeka, predicted in 2013: “With the massive income tax cuts that we’ve had, I think we’re going to see higher certificates of indebtedness in the future.” – Phillip Brownlee
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