KS Legislature revives local spending limit
After the Governor vetoed HB 2745 on Thursday, HB 2043 passed the Legislature late Friday evening and would still allow voters (through a protest petition signed by 10% of voters) to effectively veto a budget with property taxes increased beyond the CPI (inflation index), or 3%, whichever is lower, with some exceptions. The Governor will have 10 days to decide whether to sign, veto or simply allow to become law. Some concerns with this legislation include: Cumulative Revenue Erosion: Because the 3% cap acts as a bottleneck during years of high inflation (it was 8.0% in 2022), property tax revenue could [...]