Schmidt urges Kansas Legislature to pay off KPERS debt, increase rainy day fund with surplus dollars

TOPEKA, Kan. (WIBW) – Kansas Attorney General Derek Schmidt has urged the Kansas Legislature to move cautiously and pay off the KPERS debt as well as increase the state’s rainy day fund with surplus dollars seen at the end of 2021.

Kansas Attorney General Derek Schmidt says he has urged the Legislature to move cautiously in response to projected large increases in the state’s revenue.

“The State of Kansas has an unprecedented amount of cash on hand and projections to collect much more for several years to come. As legislators and the governor craft the new state budget, I strongly encourage a cautious approach,” he said.

Schmidt said when he served as Senate Majority Leader, projections showed money would flow into state coffers for years to come – it did not.

Read the full story at WIBW here.