Kansas governor eyes tobacco bonds for budget fix

With the fiscal 2016 revenue estimated to drop by nearly $94 million and fiscal 2017 revenue expected to be $134.7 million less than previously projected, the Republican governor said Kansas could raise about $158 million through its first sale of bonds backed by its share of a 1998 multi-state settlement with U.S. tobacco companies. Several states and local governments have sold tobacco bonds with some using the proceeds as a one-time boost for their sagging budgets. Brownback said he would als