Mark Parkinson

Under Goossen, Left’s favorite expert, Kansas was admonished by Securities and Exchange Commission

Under Goossen, Left’s favorite expert, Kansas was admonished by Securities and Exchange Commission

The State of Kansas was ordered to take remedial action to correct material omissions in the state's financial statements prepared under the leadership of Duane Goossen. During the administration of Governor Mark Parkinson, the State of Kansas issued eight series of bonds raising $273 million. Regarding these, the U.S. Securities and Exchange Commission has determined that the state failed to adequately inform investors of significant, material, negative information. In a nutshell, according to the SEC: The Kansas Public Employee Retirement System (KPERS) was in terrible financial condition compared to other states, and Kansas did not adequately disclose that to potential…
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Kansas school spending and achievement

Following, from Dr. Walt Chappell, a discussion of Kansas school spending. Chappell served on the Kansas State Board of Education from 2009 to 2012. The truth is, Governor Brownback and most Kansas legislators have worked hard to get more money into K-12 classrooms and have increased funding to educate our children each of the last four years. Claims that funds for schools have been cut, supposedly causing test scores to drop, schools to close, class sizes to go up and college tuition to increase are totally false. Yes, there was a large reduction of $419 million to fund Kansas schools…
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Beechcraft incentives a teachable moment for Wichita

Beechcraft incentives a teachable moment for Wichita

The case of Beechcraft and economic development incentives holds several lessons as Wichita considers a new tax with a portion devoted to incentives. In December 2010 Kansas Governor Mark Parkinson announced a deal whereby the state would pay millions to Hawker Beechcraft to keep the company in Kansas. The company had been considering a purported deal to move to Baton Rouge, Louisiana. (Since then the company underwent bankruptcy, emerged as Beechcraft, and has been acquired by Textron.) The money from the state was to be supplanted by grants from the City of Wichita and Sedgwick County. At the time, the…
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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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Women for Kansas voting guide should be read with caution

Women for Kansas voting guide should be read with caution

If voters are relying on a voter guide from Women for Kansas, they should consider the actual history of Kansas taxation and spending before voting. A political advocacy group known as Women for Kansas has produced a voting guide, listing the candidates that it prefers for Kansas House of Representatives. But by reading its "Primer on the Issues," we see that this group made its endorsements based on incorrect information. One claim the group makes is this regarding taxes in Kansas: "Income taxes were reduced for many Kansans in 2012 and 2013, and eliminated entirely for some, with a corresponding…
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