Fiscal Responsibility

Trickle

Fiscal responsibility means managing resources effectively and investing for the future. Kansas’s experiment with the trickle-down theory did not work , and it put the state $7.1 billion in debt.  It is time to create an equitable tax structure which takes care of the state’s needs and allows Kansas to pay back the money it has borrowed from the pension funds and the highway funds.

Kansas has borrowed $3.2 billion from KDOT and has been unable repay it. This means we have not had money to invest in new roads, and the infrastructure we have is suffering from deferred maintenance. How can our cities and businesses function with decaying and crumbling infrastructure?

Our citizens’ health is another asset which Kansas has not managed responsibly. Our failure to expand Medicaid has deprived the state of $3.1 billion, which is mostly our money since we paid it in federal taxes. But the greater cost is that 150,000 of our citizens do not have health insurance. This has greatly hurt our hospitals and medical care providers who are often not paid for their services, particularly in rural areas which have seen hospitals and clinics close.

One of the best investments we can make in our future is to educate our children and young adults. The state did not have money to adequately and equitably fund our schools or our universities, leading to devastating budget cuts. The social costs of poor education often show up as increase costs in welfare and our penal system.

Kansas needs to develop a tax structure which will fund our needs, allow investments in our future, and pay off the debts we have accumulated. On a positive note, the Governor has just appointed bipartisan leadership for a committee to study the entire tax structure.

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