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Senate adopts revenue-limit measure for property taxes, setting petition threshold for blocking increases
Summary
The Senate passed a revenue-limit measure (SB 2745) that caps year-over-year property tax collections to prior-year revenue plus Midwest CPI (or 3% whichever is less) and creates a petition mechanism (10% of registered voters) to block attempts to exceed that limit. Supporters said the bill protects taxpayers from assessment shocks; opponents warned of unintended consequences for growing communities and bond financing.
The Kansas Senate adopted a revenue-limit bill (Senate substitute for House Bill 2745) on March 26 after extended floor debate. The measure would set a cap on revenue collected by taxing subdivisions equal to the prior year’s revenue plus the Midwest Consumer Price Index (CPI) or 3%, whichever is less. Local governing bodies may elect to exceed that limit, but that action triggers a petition process allowing registered voters to block the…
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