State should pay cash instead of issuing bonds for upgrades

opinions

August 27, 2012 - 12:00 AM

A new visitor center will be built in the basement of the Kansas Statehouse and additional work will be done on the Capitol grounds at a total cost of about $17.4 million, the AP reported Saturday.

Where will that money come from? 

The good news is that $5 million is on hand from savings realized in the renovation project, which has already cost $320 million and won’t be completed until next year. The other $12.5 million will come from stealing another $7.5 million from Kansas Department of Transportation funds and $5.4 million from new state bonds, which will be retired over the next 10 years or more with tax funds.

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