Credit Claims For Kansas Nonprofit Workers: Attorney Insights For Financial Success

Credit Claims For Kansas Nonprofit Workers: Attorney Insights For Financial Success – The Schmidt campaign pushed back on Kelly’s assertion that jobs are fully restored in Kansas, with the Republican candidate pointing to a labor report showing 80% of nonfarm jobs restored in Kansas

Gov. Laura Kelly, a Democratic candidate running for re-election in November, visited Sporting Kansas City’s football facility before answering questions Thursday about the state’s job recovery from COVID-19. Republican gubernatorial candidate Derek Schmidt disputed Kelly’s assertion that the state has recovered the 157,000 people it lost in the March 2020 pandemic collapse. (submitted)

Credit Claims For Kansas Nonprofit Workers: Attorney Insights For Financial Success

TOPEKA — Republican gubernatorial candidate Derek Schmidt on Friday challenged Democratic Gov. Laura Kelly’s assertion that Kansas is struggling amid the global economic crisis caused by the COVID-19 pandemic. All 157,000 jobs lost during the tsunami have been restored.

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Schmitt sought to counter Kelly’s campaign claims about prosperity in the Plains, saying the governor’s performance on job creation was worse than advertised. He said the state has not surpassed Kansas’ pre-pandemic nonfarm job total and has regained four-fifths of the jobs lost during that unprecedented period, or 125,000.

“The facts speak for themselves, but Governor Kelly keeps saying another thing and hoping no one notices,” Attorney General Schmidt said. “This is an election year and the governor is trying to make up lost ground because she has little to show for her four years in office other than budget spending currently propped up by Joe Biden’s relief package.”

The U.S. Bureau of Labor Statistics reported that Kansas employed 1, 397, 000 nonfarm workers in June. That’s 32, 000 fewer nonfarm employees than Kansas had in February 2020, after COVID-19 caused cracks in the state’s economy in March and April.

Nonfarm payrolls data tracked by the Bureau of Labor Statistics provides state-by-state estimates of wage increases and decreases. However, these numbers do not reflect activity across the economy because they exclude farm workers and employees of private households, sole proprietorships, nonprofit organizations and some government entities.

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During a stop in Kansas City, Kan., on Thursday, Kelly was asked by a reporter about job growth and economic development in Kansas that she has mentioned in the past.

“I know jobs were lost everywhere during the pandemic, but we’ve restored those jobs and more,” the governor said.

The governor’s spokesperson Brianna Johnson elaborated on the comments Friday. She said the governor understands many Kansans are still “getting back on their feet and worried about rising costs.” She also said Kelly noted that Kansas has recovered quickly from the pandemic and will benefit from economic expansion, including the construction of a $4 billion Panasonic automotive battery plant near DeSoto that will employ 4,000 people.

“Because of her focus on bringing jobs and businesses like Panasonic to the state, we are now able to grow faster than ever before,” Johnson said.

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She said the Kelly administration has partnered with the private sector to deliver $13.6 billion in business investment. The state’s unemployment rate of 2.4 percent is a record low, she said.

The Schmidt campaign highlighted a Bureau of Labor Statistics report that ranked Kansas 44th nationally in its pandemic recovery.

Among states bordering Kansas, only Colorado surpassed the full economic recovery benchmark. Colorado is led by Democrat Jared Polis, who like Kelly has been in office since 2019. Colorado lost 374,000 jobs due to the pandemic but rebuilt its economic position by creating 412,000 jobs. The state’s 110% growth figure ranks 12th nationally in recovery.

Oklahoma, Missouri and Nebraska are all led by Republican governors, but even based on pre-pandemic job totals, no state is tied. Nebraska Gov. Pete Ricketts, who has been Nebraska’s governor since 2015, has come closest to such a move, expressing his concern for the loss of 98,000 jobs due to COVID-19. 97% were restructured.

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Missouri Gov. Mike Parson, who took office in 2018, has restored 94% of 358, 000 jobs due to the health crisis, ranking the state 23rd nationally. Oklahoma Gov. Kevin Still, who has served as governor since 2019, has restored 91% of the 169, 000 jobs lost to COVID-19 in the state.

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Tim Carpenter has been covering Kansas for 35 years. He covered the Capitol for 16 years at the Topeka Capital-Journal and previously worked at the Lawrence Journal-World and United Press International. Proposed KPERS bond buyback program could save Kansas millions in interest State Budget Director Adam Proffitt said he strongly supports the legislation

State Treasurer Steve Johnson said during a committee hearing on February 6, 2023 that the state should focus on saving money and paying down debt. (Rachel Mipro/Kansas Reflector)

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TOPEKA — A new finance bill would buy back bonds used two years ago to inject much-needed cash into the Kansas Public Employees Retirement System, potentially saving the state millions of dollars in future interest payments.

The House Financial Institutions and Pensions Committee held a hearing on House Bill 2102 on Monday. The bill would allocate $250 million from the state general fund to buy back bonds issued two years ago under House Bill 2405.

HB 2405 authorizes the Kansas Development Finance Authority to issue bonds to repay KPERS’ unfunded pension liabilities. The strategy is to reduce costs and address the $6 billion in unfunded liabilities of the state worker and teacher component of KPERS over 30 years. The deal gives the system $500 million in 2021 revenue.

The Legislature has used bonds as a tactic to shore up KPERS before, most recently in 2015 when then-Gov. Sam Brownback approved legislation to issue $1 billion in bonds, netting the pension system $272 million.

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Under HB 2102, the state Treasurer would repurchase pension obligation bonds at a discount, up to 75% of the principal amount.

State Budget Director Adam Proffitt expressed strong support for the bill, saying the state can use its budget surplus to fund the program and that purchasing the bonds will improve Kansas’s creditworthiness and stabilize its fiscal health.

“I think it’s a really good idea,” Proffitt said. “These are the types of deals the governor is looking for when he writes his budget, trying to use our current budget surplus to eliminate debt or pay off one-time expenses.”

Proffitt estimated in a fiscal report on the bill that the legislation could help the state pay down its debt 20 years faster. KDFA estimates the bill could save $177, 445, 984 in interest, he said in the note. The remaining amounts on the bonds will be $199, 545, 121, and the bonds will be repaid in fiscal year 2036. to comments. This estimate does not take into account debt service payments in fiscal 2022 or fiscal 2023.

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State Treasurer Steven Johnson encouraged lawmakers to focus on saving money and paying down debt to prepare for the state’s next economic downturn. Johnson said lawmakers should be concerned about KPERS debt.

“KPERS debt remains absolutely urgent and I have no intention of giving up on that,” Johnson said. “It’s not as urgent as it used to be because we’ve made some progress on that.”

Our stories may be republished online or printed under the Creative Commons license CC BY-NC-ND 4.0. We ask that you edit only for style or shorten content, provide proper attribution and link to our site. Please see our redistribution guidelines for the use of photos and graphics.

Rachel Mipro is a graduate of Louisiana State University and has covered state government in Baton Rouge and New Orleans. She and her team of reporters are a 2022 Goldsmith semifinalist for their reporting on the rise of the Ku Klux Klan in northern Louisiana after racially motivated shootings in 1960. With the move to the Midwest, Rachel is now turning her attention to issues within the scope of public policy in Kansas. The labor movement, the women’s movement, and the civil rights movement fought hard to establish basic rights. But these rights only matter if workers understand and are able to enforce them. At Heartland Center, our team is dedicated to making this happen.

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Gina Chiala is executive director and staff attorney at the Heartland Center for Jobs and Freedom. Gina has many years of experience in social justice campaigns and public interest litigation. Gina began her legal career as a public defender, where she vigorously defended her clients’ rights and gained valuable trial experience. Gina then joined Slough Connealy Irwin & Madden, Kansas City’s oldest and most renowned public interest law firm. There, Gina represented low-income clients in cases against abusive credit card companies, payday lenders, finance companies, car dealers, and debt buyers. Gina won a historic victory against Portfolio Recovery Associates, one of the largest debt buyers in the United States, in a case heard in Slough Connealy.

In addition to fighting in court, Gina has campaigned on raising the minimum wage, capping payday loan rates,

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