budget

Facebook - Raytown Police Department

At least 14 officers at the Raytown Police Department have submitted their resignations, the department confirms, and more officers are expected to step down. 

The resignations follow news that budget cuts could force the department to eliminate nearly a third of its sworn officers.

Raytown city officials face a Nov. 1 deadline to resolve a budget deficit.

The cuts most endanger the police department, which could lose 17 of 56 sworn officers and ten civilians.

WhiteHouse.gov

While an official tax bill hasn't been presented, Republicans last month outlined a framework for a new tax code. Today, the Smart Money Experts explain the key takeaways from the plan and how it could affect what you owe the government come April 2018. They also share end of the year money-management tips, including how to create a holiday spending strategy, evaluate insurance options and develop plans for retirement.

Lafayette County

A failed effort to build a new city-owned hospital is at the heart of financial problems in Lexington, Missouri. That's according to State Auditor Nicole Galloway, who presented findings of a citizen-requested audit on Thursday night at the Lexington City Hall. 

Just hours before Missouri’s new fiscal year begins, Gov. Eric Greitens on Friday announced that he was trimming more than $250 million in budgeted state spending, concerned that the state’s income would not cover all of legislators’ allocations.

Most of the trims, called “withholds,” are temporary and could be restored if the state’s finances improve. They largely affect dozens of programs in the state’s departments of health, social services and higher education.  For example, Greitens is withholding $60 million of the state’s share of Medicaid spending but predicts the money likely won’t be needed to match the federal portion of the Medicaid spending.

Joan Marcus

In America, the split between conservatives and liberals can be dramatic. Today, we find out how the concept of American exceptionalism can divide and separate us from ourselves and our Western counterparts. Then,  Actors' Equity president Kate Shindle makes the economic argument to keep funding of the National Endowment for the Arts in the federal budget. She also talks about her role and the issues explored in the groundbreaking musical Fun Home.

Dave Dugdale / Flickr - CC

Several factors influence a person's financial health: age, career choice, dependents ... but gender? According to a 2016 report by Financial Finesse, a firm that manages financial wellness programs for employers, women are not as financially secure in the long-term when compared to their male counterparts, especially among millennials. Today, the Smart Money Experts discuss methods of closing that gap and suggest budget workouts to help achieve fiscal fitness.

Kashif Pathan / Flickr - CC

If President Donald Trump's budget blueprint were to become law, the agency that administers federal museum and library programs would cease to exist.

In the 2016 fiscal year, the Institute of Museum and Library Services (IMLS) had a budget of $230 million. Nearly 80 percent of that money went to fund library services throughout the country, according to their website.

Jim Mathis / Johnson County Library

Kansas City, Missouri, voters approved a series of general obligation bonds aimed at improving infrastructure throughout the metro, and totaling more than $800 million. Today, Councilman Quinton Lucas tells us how he expects the investments to affect local communities. Then, public libraries may be facing cuts at both federal and state levels. We speak with local library directors to find out how they are faring in an era of "skinny budgets."

File Photo / Kansas Public Radio

Editor’s note: This story was updated at 3:50 p.m. April 5.

Rather than propose a new tax plan, Gov. Sam Brownback on Wednesday opted to endorse a flat tax proposal that a Senate committee advanced this week.

“My goal has always been to make Kansas the best state in America to raise a family and grow a business,” Brownback said in a statement. “A flat tax accomplishes this goal by making taxes fair for everyone and encouraging economic growth.”

Some of President Trump's proposed spending cuts would cripple programs that benefit communities full of his rural supporters, but at least in Strong City, Kan., some say they are ready "to bleed a little bit."

Strong City is a former railroad town of about 460 people, less than half the size it was in 1890. Trump's proposed budget aims at killing the program that threw a lifeline to the town's water system.

Julie Denesha / KCUR 89.3

On Thursday, the Kansas City Council approved a $1.59 billion budget for the 2017-2018 fiscal year. The new budget takes effect on May 1. 

401(K) 2012 / Flickr - CC

Whether or not you enjoy your career, you likely plan on permanently leaving the workforce at some point. With longer life expectancy rates, and shrinking stability in government pension programs, hopeful retirees are right to be concerned about the financial viability of doing so. Today, Up To Date's Smart Money Experts detail pragmatic planning tactics and crisis control for those currently in danger of outliving their assets.

Andy Marso / Kansas News Service

Kansas legislators are weighing plans to restore cuts to Medicaid, but health care providers may not see the extra boost until 2018 or even 2019.

The Senate’s budget committee heard testimony Monday on Senate Bill 94, which would increase a fee on HMO insurance plans to draw down federal funds and replace the cuts made to KanCare, the state’s privatized Medicaid program.

Crazy Fred ET / Wikipedia Commons and Jim Bowen / Flickr - CC

As the 115th U.S. Congress meets in Washington for the first time, new state legislatures will soon take the reins in Jefferson City and Topeka. Today, we look forward to possible political developments and legislation likely to arise in the Missouri and Kansas capitals.

File photo

In the past few years, Kansans have become used to monthly revenue numbers in the red. Still, May's figures came as a shock. On the last (mostly ceremonial) day of the 2016 legislative session, state revenue officials announced Kansas had come up nearly $75 million short of projections. Both individual and corporate income tax collections fell short of the mark. 

Stephen Koranda / KPR

Estimates for Kansas tax collections were ratcheted down sharply Wednesday. The state’s projected revenues dropped by a quarter billion dollars over the next year-and-a-half. That leaves Kansas with a budget deficit, and Republican Gov. Sam Brownback is proposing plans for erasing the shortfall.

Kansas will need to find $140 million in the current fiscal year to get out of the red. Next fiscal year, which starts in July, will need another $151 million in cuts or new revenue. Brownback’s budget director, Shawn Sullivan, laid out three options for filling the hole.

Matt Hodapp / KCUR

Road contractors in Kansas are worried about their future business after the state Department of Transportation announced it was delaying the bids on some April resurfacing projects.

Kansas Contractors Association Vice President Bob Totten says some of his members began to hear about the delays on Monday from KDOT officials. While the projects don't officially go out for bid until next month, contractors typically hear about the projects 45 days before bidding to help them craft the bid or even decide if they want to bid on the project, says Totten.

Kyle Palmer / KCUR

Did Kansas lawmakers know about the state's controversial decision to lift the borrowing limit for the Department of Transportation? 

This PowerPoint slide seems to suggest they did, but lawmakers on both sides of the aisle along with transportation insiders whom KCUR has talked to all say they were surprised to see KDOT borrowing at record levels in December. 

U.S. Senate

  We’re nearing the end of this year’s legislative session in Washington, but things aren’t cooling off quite yet.

In the second part of Tuesday's Up to Date, U.S. Sen. Claire McCaskill joins Steve Kraske to discuss the future of the farm bill, the rollout of the Affordable Care Act, the recent House budget deal and what’s going on with John Boehner after his speech about the Tea Party to Republican lawmakers.

Guest:

Fixing Fiscal Policy

Sep 24, 2013
David Iliff/Wikimedia Commons

With the House of Representatives and the president once again butting heads over the federal budget, a government shutdown is looking more likely by the day.

On Tuesday's Up to Date, Bob Bixby of the Concord Coalition joins Steve Kraske to talk about the economy, the effect a shutdown could have on the country if Congress doesn’t pass a new budget and how the debt ceiling debate figures into the equation.

Guest:

Theresa L Wysocki / Flickr--Creative Commons

So imagine you’ve got a budget for home improvements. You’ve pared it down to the bare bones. You know exactly how much you can afford and you won’t spend any more than that. Now cut that budget in half. What things do you leave behind? And what are your top priorities?

This exact situation is happening to the Missouri Department of Transportation. With their budget being slashed to just about half, MoDOT is preparing to enter maintenance mode.

The Missouri House has formally rejected the Senate version of the state budget, setting the stage for final negotiations over the state’s spending plan for next year.

ZTW1 / flickr

The Kansas City region has been recovering from the recession at a slightly faster clip than many other places across the country.

File Photo / KCUR 89.3

Missouri Senator Claire McCaskill, a Democrat, says that falling over the so-called fiscal cliff, the deep program cuts, and big tax increases set to hit January 1st wouldn’t be as dramatic as some people imagine.

U.S. Dept. of Defense

Governor Jay Nixon is in Afghanistan visiting members of the Missouri National Guard who won’t be home for the holidays.

Lawmakers in Missouri and Kansas wrap up their legislative sessions.  A study finds compared to 50 years ago more severe weather is hitting the Midwest.  It’s a daily digest of headlines from KCUR.

Courtesy of Missouri Department of Tourism

Despite a recent article in The Kansas City Star titled "Sting of recession fades for Kansas City art museums," the sting has not faded - and perhaps still burns - for newly terminated employees at the Kemper Museum of Contemporary Art.

aepoc / flickr

A Kansas lottery ticket winner is helping the state's bottom line. The still-anonymous resident won a nearly $160 million jackpot in a lottery drawing last month.

Gregg @ dcscorpio.blogspot.com

He’s just returned from lengthy deliberations in the U.S. House of Representatives over next year's spending plan. But is Congress getting anywhere?

Renewing his push against "trickle-down economics" that he says has failed the nation in the past, President Obama just said the Republican budget plan passed by the House last week is so conservative and so focused on cutting taxes for the rich that it makes the GOP's mid-1990s Contract With America "look like the New Deal."

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