Post by Logan on Mar 13, 2016 4:00:47 GMT -6
Brownback raised tobacco bond idea with GOP leaders in early March after revenue collapse
Gov. Sam Brownback met with House and Senate leaders one day after February tax revenue fell $53 million below expectations to discuss leveraging the state’s share of tobacco litigation settlement funds to supplement the beleaguered state treasury, sources said Saturday.
Administration officials ridiculed or dismissed initial reports Tuesday that the governor was involved in exploring the bonding of cash-flow assets, including tobacco receipts, with Brownback’s budget director making a reference to “black helicopter” theories and the governor’s spokeswoman deriding “rumors” of a deal.
Asked to respond to confirmation the governor raised the possibility in private with high-ranking Republican legislators, Brownback spokeswoman Eileen Hawley repeated no bonding agreement had been completed.
“The governor frequently seeks feedback from legislators on a wide range of topics, including options for addressing the budget,” Hawley said.
Read more: cjonline.com/news/business/2016-03-12/brownback-raised-tobacco-bond-idea-gop-leaders-early-march-after-revenue
Gov. Sam Brownback met with House and Senate leaders one day after February tax revenue fell $53 million below expectations to discuss leveraging the state’s share of tobacco litigation settlement funds to supplement the beleaguered state treasury, sources said Saturday.
Administration officials ridiculed or dismissed initial reports Tuesday that the governor was involved in exploring the bonding of cash-flow assets, including tobacco receipts, with Brownback’s budget director making a reference to “black helicopter” theories and the governor’s spokeswoman deriding “rumors” of a deal.
Asked to respond to confirmation the governor raised the possibility in private with high-ranking Republican legislators, Brownback spokeswoman Eileen Hawley repeated no bonding agreement had been completed.
“The governor frequently seeks feedback from legislators on a wide range of topics, including options for addressing the budget,” Hawley said.
Read more: cjonline.com/news/business/2016-03-12/brownback-raised-tobacco-bond-idea-gop-leaders-early-march-after-revenue