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Archive for Friday, August 26, 2011

Statehouse Live: KU gives state $4.5 million; state spends it on Capitol restoration

August 26, 2011

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— Kansas University on Friday gave back $4.5 million to the state government, which immediately applied it to the Capitol restoration project.

The State Finance Council, chaired by Gov. Sam Brownback, approved the transfer.

Brownback quipped that KU's only requirement was that "we paint the Indian (statue) on top of the Capitol red and blue."

The money came from bond proceeds for the recently-completed KU pharmacy building on west campus. The pharmacy building was completed $4.5 million under budget because of lower than expected construction costs caused by the recession, officials said.

Rebecca Floyd, executive vice president of the Kansas Development Finance Authority, said the transfer of $4.5 million will reduce a bond issue for the Capitol restoration project by the same amount.

"This will result in significant economic savings to the state of Kansas and taxpayers," she said.

The long-running restoration of the Statehouse is currently projected to cost about $285 million.

Legislative veterans on the Finance Council congratulated KU on finishing the pharmacy building under budget. "This doesn't happen very often," said Senate President Steve Morris, R-Hugoton.

Comments

kevingray 2 years, 7 months ago

I know the Regents were talking about getting cozy with the Gov and the legislators. Is this an effort in that direction? Kissing up, I mean...

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LHS56 2 years, 7 months ago

And just when will the construction on the capital building be completed? At what cost? And...if the cost is already $288,000,000 (almost ran out of zeros) just how much is the architect receiving? It seems the original budjet was $110 million. Thankfully we now have Brownie as governor to stop this nonsense. Ohhh...forgot....he is the one that received payments from the government to assist his farming operation. (Think I must have had one too many cups of coffee...and didn't even discuss the return of the money.)

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pace 2 years, 7 months ago

the capitol is worth fixing, Brownback shows his hatred of lawrence by mouthing off instead of praising the the transfer. watta guy.. small and mean.

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autie 2 years, 7 months ago

OK...I have thought about this....the money was bonded..and in the bond statement, one is limited as to the use for the proceeds...are you with me??? Ok...So the project comes in under budget...and if they ain't dumb which i"m sure they ain't...what monies that ain't being spent but are received are in interest bearing accounts..Pretty common practice..but...but...the terms of the bond state the proceeds must be spent on the project...or (as specified by bond terms)...Maybe they didn't have much choice...so Sam..Sam made a headline out of a mundane point to make him/them look like some kind of beneficial so and so's....ergo...much ado about nothing...Sam likes little things to make him look better as he hangs it deeep into Kansas...ohhh.....

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kernal 2 years, 7 months ago

euguniem, teachers across the country have been supplementing classroom supplies from their own salaries for years. Teachers are some of the most dedicated professionals in this country.

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eugunieum 2 years, 7 months ago

I just get kind of tired of hearing how certain monies are to be spent. It seems as though the state house has needed work for over 50 years. OK, so maybe they are within their rights, but I know for a fact that several teachers at Lawrence High have been buying classroom supplies out of their own pocket, then one sees the fantastic sports complex................ & wonders??

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love2fish_ks 2 years, 7 months ago

"stupid jerk" ???? Hmmm, careful with the name calling. It does not help our case. Espeically since these were bonds and as such MUST be spent on physical structures.

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Jane 2 years, 7 months ago

No Brownback fan here but how is this his fault? It was the people at KU Endowment that handed the money to the state.

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damnitimpissed 2 years, 7 months ago

Since the pharmacy funding came from the state to begin with, did KU have a choice in the matter of what to do with the extra? Were they required to send it back or not?

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Jan Rolls 2 years, 7 months ago

Couldn't sam the sham have used a part of it to keep the srs offices open? No because he is a stupid jerk with no consideration for human beings.

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Floyd Craig 2 years, 7 months ago

they say they dont have money for jobs or the srs but yet they spend money on the capital building well whos idea was that to begin with we need new people in topeka and the govenor sure isnt one of them hes flunkd as far as Im concernd oh his family or a good buddy must own the company doing the work is why

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edjayhawk 2 years, 7 months ago

I'm at loss without words. Brownback governs without logic, or more like ideology.

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autie 2 years, 7 months ago

Shouldn't Sam know the difference between an Indian and a Native American?

And ain't it grand....KU could use the money on its own deferred maintenance plan...and not jack up student fees.

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Jane 2 years, 7 months ago

They could have used it to fund the upcoming rennovation to the chancellor's suite of offices in strong hall...yes, the same suite that was rennovated not even four years ago to the tune of $80G.

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lawslady 2 years, 7 months ago

Bond money- means it must be spent as bond documents specified or as close as possible. State building.

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JayhawkFan1985 2 years, 7 months ago

The State of Kansas has deferred maintenance on the State Capitol Building for decades. It is not an ordinary office building. It is the most architecturally significant and the most politically significant building in the state. Using bond finance to pay for its restoration makes sense because the improvements will last for decades to come.

Having said that, I agree that the state could probably use these particular monies to fix other buildings on the various university campuses.

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parrothead8 2 years, 7 months ago

Seriously? People are out of work, education and arts are scrambling for funding, we're closing down SRS offices, and an "extra" $4,500,000 is being spent to spiff up the Capitol? It's SO clear where the political priorities lie in Kansas, and it's not in helping Kansans.

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deathpenaltyliberal 2 years, 7 months ago

So KU does a good job by delivering a project under budget, but the savings goes toward a project that has blown through its budget.

No wonder people lack faith in government.

"Thanks Brownie, you're doing a hell of a job."

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somebodynew 2 years, 7 months ago

Agreed WiburM, it is normal and fully within their rights. It just would have been a nice gesture to allow some of it to be used for things that are needed.

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WilburM 2 years, 7 months ago

This is pretty much normal moving money around; the state is fully within its rights to do so.

With so many needs at KU, they might have cut us in for some of the savings. Even a couple million could help with some raises and morale. Or, if you wanted to keep it in facilities, there are plenty of projects. As usual, no good deed goes unpunished.

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Floyd Craig 2 years, 7 months ago

they did what the state employees could use that last time i workd there I hadnt had a rasie in 3 yrs n they give that kind of money back to that crook wow they r so stupid

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Sneakyperson 2 years, 7 months ago

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guesswho 2 years, 7 months ago

Isn't that statue on top considered art? Why is the government paying for it?

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somebodynew 2 years, 7 months ago

Not like we couldn't have used that money on all those buildings on campus that need fixing. No, it has to go to the great money pit that will never be done sucking all the money it can so the legislature has a pretty building within which they will find ways to spend more money.

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