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Kansas Gov. Laura Kelly doesn’t intend to veto a sweeping plan to draw the Kansas City Chiefs and Royals away from Missouri with more than a billion dollars in bonds, a top aide to the governor ...
Under the plan, Kansas would issue Sales Tax and Revenue, or STAR, bonds to cover up to 75% of project costs. Current law limits STAR bonds projects to 50% of costs.
The party’s 2022 platform states, “State tax policy must be simple and fair to Kansas businesses.” ... To finance a $2-3 billion Chiefs stadium with STAR bonds, Kansas Republicans would need ...
A 2022 review of 130 studies over 30 years conducted by Bradbury and two other ... and tourism projects.” They point to the first STAR bonds project, the Kansas Speedway, along with Children’s ...
The law authorizes Kansas to potentially issue STAR bonds to pay for up to 70% of the cost of stadiums for one or both teams – up from the 50% in current law. A Chiefs stadium alone could cost ...
Past STAR bonds have been unrated, but Kansas would face pressure to have the bonds rated for a large issue of $700 million or more. Because the bonds are backed solely by future anticipated sales ...
The legislation authorizes Kansas to potentially issue Sales Tax and Revenue, or STAR bonds to pay for up to 70% of the cost of stadiums for one or both teams – up from the 50% in current law.
The proposal allots 70% of funding for stadium projects with a revamped version of Sales Tax and Revenue (STAR) bonds, which would use sales taxes from the stadiums and in the surrounding business ...