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BRIEF-S&P says Kansas supreme court ruling on increasing school funding puts more pressure on state budget
March 6, 2017 / 4:31 PM / 7 months ago

BRIEF-S&P says Kansas supreme court ruling on increasing school funding puts more pressure on state budget

March 6 (Reuters) - S&P:

* Kansas supreme court ruling on increasing school funding puts more pressure on the state budget

* s&p says anticipates that the level of increased costs will keep Kansas’ finances vulnerable and pressure its credit rating for a longer time

* As a result of ruling, anticipates Kansas will need to adjust its budget for the next biennium by June 30

* Does not expect that the negative pressures on Kansas finances will play out in the fiscal 2017-2019 biennium alone

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