Government & Politics

May 1, 2014 7:26 PM

Moody’s downgrades Kansas’ credit rating, citing sluggish recovery and risky tax plan

Plummeting revenues, underfunded pensions and millions in court-ordered school spending led Moody’s Investors Service to cut the state’s credit rating by a notch. The ratings agency slightly lowered the state’s credit rating because of mounting financial pressure on the Kansas budget, partly from massive income tax cuts that Republican Gov. Sam Brownback signed into law in 2012 and 2013.

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