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Commissioners debate House Bill 2396 changes to property-tax lid and potential effect on municipal bonding
Summary
Sedgwick County staff and legal counsel flagged language in House Bill 2396 that could restrict issuing debt backed by a local government's full faith and credit unless bonds were approved by an election; staff recommended technical fixes and added transparency requirements.
Sedgwick County staff briefed the commission on House Bill 2396, a proposed property-tax lid bill that county counsel and bond counsel say contains language that could limit governments' ability to issue general obligation debt backed by the full faith and credit of the jurisdiction unless the bonds were approved by a public election.
Lindsay, a county staff member, summarized the bill as a property-tax lid that would restrict what a government could increase its levy to regardless of valuation. She said bond counsel raised concerns about a provision that refers specifically to bonds…
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