Kelly, Schmidt clash over development of $969M reserve fund

Photos by SHERMAN SMITH/KANSAS REFLECTOR

Gov. Laura Kelly, a Democrat seeking reelection, and

Attorney General Derek Schmidt, a Republican cam-

paigning for governor, praised creation by the state

of a nearly $1 billion rainy-day fund but had different

views on implications of that development.

TOPEKA — The state of Kansas had sufficient cash flow for the first time in more than 20 years to avoid borrowing to cover day-to-day operating expenses while simultaneously building a reserve fund in the just-completed fiscal year with a balance of nearly $1 billion.

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