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Archive for Thursday, January 12, 2012

Brownback proposes using casino revenues to pay off garage

January 12, 2012

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— Gov. Sam Brownback wants to use revenues from new casinos in Kansas to pay off the bonds that financed the parking garage at the Statehouse.

The proposal to dedicate $10 million in gambling revenues to retiring the debt is part of the budget Brownback outlined Thursday.

Brownback wants to use nearly $70 million in casino revenues to make bond payments or pay debt off early. A new state-owned casino opened last month in Mulvane, and another is scheduled to open in February in Kansas City, Kan.

The $15 million Statehouse parking garage was completed in 2004, and about two-thirds of the original debt remains.

The garage's construction was part of the ongoing renovation of the Statehouse that began in 2001 and now has a total cost of $319 million.

Comments

InspectorJo 2 years, 8 months ago

Revenues from the new Kansas Casino to pay off parking garage! What happened to revenues from Kansas Casinos to help with EDUCATION? Education throughout Kansas has so many cuts, and Sam is worried about a parking garage? Come on Sam, pull your head out! Help Kansas.....

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cowboy 2 years, 8 months ago

Correct Inspector Jo ! What happens to the dollars from the tobacco fund , we get a help line , the other 99.9% of the millions paid to the state go elsewhere.

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William Weissbeck 2 years, 8 months ago

What is the interest rate on the debt? If it's low, then it's good debt. It can be paid back with inflated dollars when inflation in all likelihood picks up.

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irvan moore 2 years, 8 months ago

shhhh, don't tell cromwell, he will want a bigger parking garage downtown to keep up with brownback

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windjammer 2 years, 8 months ago

That would be a solution to simple for Browney.

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Cant_have_it_both_ways 2 years, 8 months ago

How about the same thing for the empT?

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Cant_have_it_both_ways 2 years, 8 months ago

When the libs grow government, the workers need a place to park. It has nothing to do with Brownback.

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just_another_bozo_on_this_bus 2 years, 8 months ago

When did Kansas ever have a liberal government? (certainly not since the invention of the automobile.)

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