Topeka, Kansas, Kansas, chief financial officer RON estes on Wednesday urged lawmakers to keep a healthy cash balance to draft national budget next fiscal year.
Wichita, a republican, said he supported efforts to create, promote economic growth policies, but these efforts must balance, maintain the ability to pay bills.
Estes said: "keep a healthy cash balance in the state of the general funds of the last operation, our state and national service provision, Kansas is a key factor,".
The senate debate on a bill, said on Wednesday that plans to cut income tax, reduce national general fund balance in the coming years. Critics argue the cut of the revenue will hinder the ability to pay its bills and time enough funding, plans to focus on.
State has been able to maintain a healthy cash balance, in part from the state of idle funds, this is collected by government agencies and other sources, but it didn't take immediate borrowing. Countries at the end of each accounting year to repay the funds, such institutions can use the money for their intended purpose. Kansas idle funds borrowed $400 million, last July, to help manage cash flow in the current fiscal year. Last fiscal year, the country's $600 million borrowed.
Estes said Kansas began to the current fiscal year cash balances above $940 million, from $40 billion in fiscal year idle fund combination of cash and carry. But that figure is expected to fall by more than $2.1 million dollars in two weeks, as the country several big sum, including bond payment of $181 million and $181 million in education.
The house appropriations committee chairman mark rhodes, R - Newton said that he intends to draw up budget is 7.5% of the national fiscal revenue, in reserve, to meet the requirements. But he said the lawmakers may want to consider extra budget cuts, out of the reserves, according to the result of the tax debate legislature.
On a version of the next fiscal year's budget committee on Tuesday to finish the work. Approved a $1.4 billion spending from all sources, including $60 billion in state funds generally, the current fiscal year is roughly same,.
Senator to draft their own version of the budget and the differences, the two as the change of the tax code, finished by early May 2013 meeting.
Estes said, the country has been able to pay its obligation to schools and other bills, in this fiscal year, including 286 school districts of the country's aid. He said, every day make available amount of cash flow volatility, but the money has not been run out.



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