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The resolution, which would have been on the August ballot for voters to decide, limits the assessed valuation of residential, commercial, and agricultural property from jumping more than 9% in any one year.
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Kelly said her veto wasn’t about limiting the ability to practice faith freely, but ensuring Kansans use health plans that cover their medical expenses.
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Property tax relief legislation is left in the lurch while the House and Senate iron out a viable path forward
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Public ownership of the new Chiefs stadium would shield bonds for the project from the federal income tax.
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Kansas lawmakers are more optimistic about the chances of passing property tax relief this session. One proposal is a constitutional amendment that would cap property tax valuation changes at 3% for most properties, while another would cap spending by local governments.
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Driven by an overheated residential market and decades of commercial exemptions, a flip in the tax base has left families paying the lion’s share for schools, roads and emergency services.
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Four economists say the state relied on exaggerated numbers to make the Kansas City Chiefs deal, the largest public subsidy of a stadium in American history, look better. State officials say football teams bring in real value as millions flock to the stadium projects.
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Some people could see a lower property tax amount with a cap in place compared to previous years. But because local governments still retain the authority to set tax rates, lower property taxes are not a given.
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The state of Kansas will likely pay between $3-4 billion in taxpayer money to move the Kansas City Chiefs across state lines. While the new stadium will definitely generate new economic activity, the project's success may depend on local cities participating in the STAR bond district.
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Mayor Christal Watson said no decisions have been made on whether Wyandotte County will help pay for a new stadium for the Kansas City Chiefs. Some Kansas City, Kansas, residents worry local governments haven't been good stewards of their money.