Kansas Watchdog

SEC orders Kansas to stop doing what it did under Sebelius and Parkinson

SEC orders Kansas to stop doing what it did under Sebelius and Parkinson

The Securities and Exchange Commission found that Kansas mislead bond investors. It ordered the state to implement reforms, which it has. According to a press release from the Securities and Exchange Commission, the State of Kansas "failed to disclose that the state’s pension system was significantly underfunded, and the unfunded pension liability created a repayment risk for investors in those bonds." This refers to a series of eight debt, or bond, issues in 2009 and 2010. Collectively they were worth $273 million. The SEC press release explains: According to the SEC’s order against Kansas, the series of bond offerings were…
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In Kansas, tax giveaways for job creation found ineffective

In Kansas, tax giveaways for job creation found ineffective

From Kansas Watchdog. Study: State tax giveaways to big business don’t really bring jobs By Travis Perry, Kansas Watchdog BIG SUBSIDIES: Kansas has forked over millions in tax breaks since 2009, but new research says it has been ineffective at accomplishing its main goal: Creating new jobs. OSAWATOMIE, Kan. -- By the time theMcQueeny Group signed up for tax breaks through Kansas’ primary economic development engine, vice president Rod Slump said the business was already looking to make a move. Tax breaks provided through Promoting Employment Across Kansas were just icing on the cake. Like numerous other firms who have relocated to Kansas…
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Kansas not good on spending visibility

Kansas not good on spending visibility

For more about this issue, see Open Records in Kansas. The results are in, and the news isn’t good: Kansas continues to plummet in state spending transparency rankings, and it barely squeaked by with a grade of D-minus, according to a report by the U.S. Public Interest Research Group. Post by Voice For Liberty.
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Could lower open records fees threaten Kansans’ safety?

Travis Perry of Kansas Watchdog reports that governmental agencies fear that fulfilling records requests will cost too much and eliminate a necessary revenue stream. But there are solutions that may not be under consideration. For example, instead of supplying accident reports singly as they are requested, law enforcement agencies could simply make all such reports available. I can hear the objections, such as it will cost too much for each agency to maintain a website for the purposes of making reports available. But each agency doesn't have to establish and maintain a website. The state (or someone else) could easily…
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Kansas school finance lawsuit reaction

Kansas school finance lawsuit reaction

Following is news coverage and reaction to the Kansas school finance lawsuit Luke Gannon, et al v. State of Kansas. Press release from Kansas Supreme Court The court declared certain school funding laws fail to provide equity in public education as required by the Kansas Constitution and returned the case to Shawnee County District Court to enforce the court's holdings. The court further ordered the three-judge panel that presided over the trial of the case to reconsider whether school funding laws provide adequacy in public education -- as also required by the constitution. ... The court set a July 1,…
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