STAR Bonds program extension back on table for state lawmakers
A financing program aimed at spurring economic development is causing a rift among Kansas Republican legislators. While Republicans tend to stick together and overwhelm the other party with their two-thirds majority, this particular issue has not recognized any party lines. STAR Bonds, short for Sales Tax and Revenue Bonds, allows municipalities to issue bonds to finance development of major commercial, entertainment and tourism projects. Bonds are paid off through sales tax revenue generated by the project. The program expires in June, but the Kansas Department of Commerce wants to extend it...