A new plan for encouraging cities and counties to hold down spending is emerging in the House as a potential alternative to plans already on the table for lowering property taxes. Republican state Rep. Adam Smith, chair of the House tax committee, introduced a bill that would essentially recreate a fund that once was intended to help local governments hold down property taxes. The proposal calls for putting $60 million into a new fund called ASTRA, short for Acknowledging Stewardship of Tax Revenue and Appropriations.
Source: Sunflower State Journal
