Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Apparently since the courts there have said you can't make the population less educated, the solution to blowing your budget away by giving massive tax cuts is to.....underfund your pension more, despite it being among the worst funded in the US.
Maybe they will suggest some more tax cuts to resolve their funding problem.
From you link, Moody ratings is the only survey that has meaning.
Pension only 56% funded and now that want to take income earning money to cover budget shortfalls, they are making a bad situation worse.
Quote:
Kansas had funded just over 56% of its [COLOR=#0033FF !important][COLOR=#0033FF !important]pension[/color][/color]
obligations as of 2012, worse than all but five other states. Additionally,
Moody’s has a negative outlook on the state’s credit rating, citing both the
state’s underfunded pension, as well as its plans to eliminate income
taxes.
Apparently since the courts there have said you can't make the population less educated, the solution to blowing your budget away by giving massive tax cuts is to.....underfund your pension more, despite it being among the worst funded in the US.
Maybe they will suggest some more tax cuts to resolve their funding problem.
Still not as bad as CA though.
CA is leading as the worst state in several categories.
In it's heyday, CA was top dog.
They even comment on the cause in the most recent one:
Quote:
However, Kansas had one of the nation’s lowest pension funded ratios as of 2013, at just 56.4%. Recent income tax cuts have, according to many observers, caused the state to miss revenue collection estimates and may force it to cut expenditures to keep its fiscal house in order. In August, S&P cut the state’s credit rating from AA+ to AA and identified recent income tax cuts as a contributing factor.
It's right across the river right where I left it.
and so is the budget deficit....
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
