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Report: Kansas Government Has 2 Days' Worth of Cash Reserves

By Associated Press
Published September 28, 2016 at 7:12 PM CDT
kansas_state_capitol_2.jpg
kansas_state_capitol_2.jpg

TOPEKA, Kan. (AP) — A recent study says the Kansas government could run on its cash reserves for only two days. The Wichita Eagle reports that the Pew Charitable Trusts analyzed cash reserves for all states at the end of the most recent fiscal years and estimated how long state government could continue to function if it relied on those reserves. Kansas ended the 2016 fiscal year in June with a $35 million balance. The study says the average state has about 29.2 days of reserve funds. Governor Sam Brownback's spokeswoman, Eileen Hawley, says the study reflects a steep drop off in the oil and agriculture economies. Hawley says other states with similar economies have also experiences declines in their state reserve funds.
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Associated Press
The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.
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