Kansas school ruling noted by credit rater Moody's

By: Associated Press
By: Associated Press
A leading credit rating firm says a recent Kansas Supreme Court ruling on school funding was a "negative" event that puts even more pressure on the state

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TOPEKA, Kan. (AP) -- A leading credit rating firm says a recent Kansas Supreme Court ruling on school funding was a "negative" event that puts even more pressure on the state's ability to pay its debts.

Moody's Investor Service, one of the leading credit rating firms in the country, raised the concerns in its weekly public finance outlook issued late Thursday. Analysts noted that complying with the court's order to increase funding for two special funds aimed at equalizing spending in poor districts constituted a "credit negative" for Kansas.

Legislators haven't decided how they will respond to the ruling or where the funding would come from, though there are several options, ranging from using existing state revenues or trimming other areas of government spending.


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