Revenue-Bleeding Kansas Revives Tobacco Bonds as Deficit Lingers

  • Budget fix may still leave state with deficit next year
  • It would be the first government selling the debt since 2015

After reeling from budget shortfalls since cutting income-tax rates three years ago, Kansas is considering a once-popular fix for cash-strapped governments: bonds secured by the money received under the 1998 settlement with tobacco companies.

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