Plan to shore up KPERS faces higher employee contributions
Kansas lawmakers announced a plan to shore up the KPERS retirement system calling for higher employee contributions for new hires and a modest increase in the pension multiplier. KPERS, covering 268000 members, currently holds $11.7 billion in assets with an 8.3 billion projected 25 year gap, while funding cautions warn against long term risk.
MENTIONED IN THIS ARTICLE
Topeka
Kansas
House- Senate Pensions, Investments and Benefits Committee
Senate
Steve Morris
R-Hugoton
Morris
Deck
Art Hall
Kansas University
Center For Applied Economics
School of Business
Liquor tax push faces fight as budget crisis looms
Advocates urge House to pass HB 2593 raising gallonage taxes on beer wine and liquor to fund mental health and in home care for developmental disabilities while opponents led by liquor industry the Kansas Chamber of Commerce and Americans for Prosperity warn higher taxes push shoppers to Missouri. State faces over 1 billion in cuts and a 450 million deficit with mental health centers reporting severe funding shortfalls and long waiting lists.
MENTIONED IN THIS ARTICLE
Kansas Chamber of Commerce
Restaurant Industry
Americans For Prosperity
Tuck Duncan
Kansas Wine & Spirits Wholesalers Association
Duncan
House Taxation Committee
Philip Bradley
Kansas Licensed Beverage Association
Bradley
Pat Colloton
Leawood
Kay Wolf
Prairie Village
Mike Hammond
Association of Community Mental Health Centers of
Kansas
Rick Cagan
The
National Alliance On
Missouri
Linda Langston
Eudora Wine & Spirits
Taxation Committee
Kansas Tax Revenue Shortfall Deepens Budget Fight
Lawmakers reacted to February tax receipts showing 27 percent short of forecasts with concern over a $416 million 2011 gap. House members approved a first reading boosting a business tax break to attract jobs. senators and other leaders urged restraint while assessing how much of the shortfall is due to the economy versus early refunds.
MENTIONED IN THIS ARTICLE
House
Mike O'Neal
Hutchinson
O’neal
Kansas
Parkinson
Senate
Steve Morris
Hugoton
Also Mentioned on This Page
Geraldine Flaharty
Wichita
KPERS
Glenn Deck
Statehouse
Scott Rothschild
Peacher
Denise Johnson
Hillcrest Elementary
TTD
PWT Bank
Oh JournalWoun
LJ World
Sunflowerbank.com
Sunflower Bank
Wakarusa
Sunflower
Rising, Burkhead & Nitcher
Quality Electric Inc
Ues
the Journal-World
Baby
Lawrence
Journal- World
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