Governor Proclaims Severe Weather Awareness Week
Topeka – Kansas Governor Sam Brownback signed a proclamation declaring the week of March 7th – March 11th as Severe Weather Awareness Week. During Severe Weather Awareness Week, the Governor is encouraging Kansans to learn about potential weather related safety hazards and to prepare for severe weather. (more…)
KPERS (at least) $9.3 Billion In The Red
New study outlines solutions to ensure future viability of government pensions without drastic tax increases or service cuts
Wichita – March 7, 2011 – A family of four would have to write a check for $13,200 to pay off their pro-rata share of the unfunded liabilities in the Kansas Public Employees Retirement System.
Kansas taxpayers are on the hook for $9.3 billion according to a new study from Kansas Policy Institute and retired University of Colorado professor Dr. Barry Poulson, an Adjunct Fiscal Policy Fellow at KPI. Reports of a $7.6 billion unfunded liability do not account for $1.7 billion in losses that have already occurred – loses largely driven by the recession and acknowledged by KPERS. (more…)