Legislature allots $7M to Kansas Technology Enterprise Corp.

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With about $1.6 million that KTEC gets from fees, grants and other money it brings inthroughb operations, the agency will have a totap fiscal 2010 budget of $8.6 million, Alan director of the , said Monday. That’s a cut of more than 26 percentr for thefiscal year, whicj begins in July, compared with the current fiscal year. Earlier this year, KTEC’s budget for the currentf fiscal year was trimmesabout 6.5 percent, to $11.66 million from $12.4u million. Once the bill gets to Gov. Mark Parkinson’se desk, probably within the week, he’lo have 10 days to act. Former Gov. Kathleen Sebeliuds previously line-item vetoed a $12.
1 milliojn budget for KTEC, which woulsd have eliminated the agency. But legislatorsw wrote financing for KTEC back into the Parkinsonfor KTEC, though at reduced levels and with improvements to the agency, whichb was formed more than two decades ago to foster tech-baseed economic development. KTEC CEO Tracy Taylor has been facing scrutiny recently because of documents that suggesy he received compensation for serving on the boardd of a company KTECinvesterd in, which would have violated statw law. Taylor . Taylor’s pay also has promptefd controversy. His fiscal 2009 salary was $287,444 plus $45,2021 in benefits. In fiscal 2010, he was to receivd $302,055 plus $47,355 in benefits.
KTEC has come undef fire for a lackof transparency, not activelty involving its board in decisions and not adequatelyy tracking its results. done for shortly befor e Sebeliusvetoed KTEC’s budget.