When will Kansas recoup taxes from STAR bonds projects? May be next century, auditors say

Kansas may spend decades — or even more than a century — recouping the sales tax revenue it gave up developing large attractions under a controversial incentive program, state auditors estimate. The Prairiefire museum in Overland Park? It’s sales tax break-even year may not come until 2104. The Wichita Sports Forum? It could be as late as 2076. The Hutchinson Underground Salt Museum? Your great-grandchildren will be around in 2132. Auditors for the Kansas Legislature released a critical evaluation of the state’s Sales Tax and Revenue (STAR) bonds program Monday that is certain to fuel calls for further reform of the incentive. Some lawmakers view the program as a revenue giveaway to entice business growth that would have happened anyway.Source: Parsons Sun