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State Senators Want "Rainy Day" Fund
01/06/2010

Two state senators want Kansas to create a rainy day fund to help with future budget problems.

Topeka Democrat Laura Kelly and Leawood Republican John Vratil outlined a proposal Tuesday for amending the Kansas Constitution.

Their amendment would require the state to put money in the new fund when tax revenues grew more than 3% from one fiscal year to the next. Legislators could spend money from the fund only if state revenues declined during a fiscal year.

A constitutional change must be adopted by two-thirds of both the House and Senate and approved by a majority of voters. Kelly and Vratil hope to get their proposal on November's ballot.

Gov. Mark Parkinson said he supports the measure

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