In a budget year that remains challenging for many school districts in Kansas, 34 districts got some bad news Friday afternoon.
The state sold the investment portfolio of the Kansas Bioscience Authority (KBA) for $14 million. That's far below the $25 million it was estimated to generate.
The KBA's sale was part of a complicated deal to fix school inequity in the state. Money over $25 million was to be used to help fund that settlement, approved by the state Supreme Court after a special legislative session in July.