Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Appropriations panel recommends paying off State Fair bond, delays $750,000 for emergency command center
Summary
The Kansas Legislature Appropriations Committee voted to recommend paying off the outstanding State Fair bond (about $717,000 outstanding at roughly 2.25—2.5% interest) and to delete a $135,000 state general fund subsidy for the fair beginning FY2026, while declining to advance a $750,000 appropriation for a proposed emergency command center and asking the fair to seek outside partners to fund the remainder of an estimated $2 million project.
During the Appropriations Committee hearing, fiscal analyst Luke Drury told members the outstanding State Fair bond balance was "just a bit over $700,000" (about $717,000) and that the current interest rate was roughly 2.25 to 2.5 percent; Drury also said there were no explicit prepayment terms although the agency was checking whether prepayment would be permitted.
Committee members debated whether paying the bond off early would produce net savings and whether state general fund dollars would instead be better applied to higher-cost debt. Senator Fagg said he was "shocked the rate's that low" and cautioned about broader trade-offs; another senator urged…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
