Governor announces balance in Rainy Day Fund

Governor Laura Kelly today announced that Kansas has closed out Fiscal Year 2022 (“FY22”) with a Rainy Day Fund balance of $969.0 million and without having to take out a certificate of indebtedness. FY22 marks the first year since Fiscal Year 1999 that the Kansas State Finance Council did not have to vote to take out a short-term loan to cover the state’s day-to-day expenses. Kansas’ Rainy Day Fund was created in 2017. The previous all-time high balance in the Fund was $81.9 million.