Kansas finance council borrows to cover state expenses

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The Kansas state finance council approves borrowing a few million dollars less to cover the state’s expenses compared to years past.

The council unanimously approved a $600 million dollar certificate of indebtedness. The money is used to make payments on bills when cash is expected to run low.

In the past two years, the council has borrowed $900 million dollars. The council also approved distributing pay raises for selected state employees which were part of the budget passed in this legislative session.

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