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BRIEF-S&P says Kansas' enacted 2018 budget increases ongoing revenues
July 5, 2017 / 9:57 PM / 15 days ago

BRIEF-S&P says Kansas' enacted 2018 budget increases ongoing revenues

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July 5 (Reuters) -

* S&P says Kansas' enacted 2018 budget increases ongoing revenues, but structural imbalance is likely to persist

* S&P, on Kansas' enacted 2018 budget, says there is uncertainty regarding full cost of adequately funding k-12 education

* S&P on Kansas' enacted 2018 budget- continue to view as credit concern ongoing deferral of contributions into state's pension fund, underfunding of pension system

* S&P says budget continues to rely on significant ongoing transfers from kansas' highway fund

* S&P-reliance of budget on transfers from kansas' highway fund results in slowdowns in long-term highway capital plan which are unsustainable in long term

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