In a Q&A with Bloomberg.com, Kansas State Treasurer Ron Estes said he has “complete confidence that Kansas is going to pay its bills” despite last month’s downgrade by Moody’s Investors Service, and described himself as “cautiously optimistic” that the income tax cuts will work. “The plan originally was designed so that over a three- to four-year period we’d see an increase in economic activity…. We’ve got to make sure that we maintain our fiscal responsibility and don’t spend too much until we get to see how it plays out over the next year or two,” he said. Estes, former Sedgwick County treasurer, also said the state “bit the bullet” and will enable the Kansas Public Employees Retirement System to “get back to 100 percent funding” over the next two decades, including through increased individual and government contribution levels. Also, Estes said, “the tea party has been very good for the country.”
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