Topeka spending limits aim to prevent property tax hike
Associated Press - July 13, 2016 7:42 pm
A Topeka-area community health system is moving forward with a bid to acquire a financially troubled rival hospital.
Topeka is setting spending limits targeted at keeping the city from raising property taxes next year.
The Topeka Capital-Journal (http://bit.ly/29CmAHP) reports that a city governing body that consists of the mayor and nine council members made the decision Tuesday night. The vote comes as cities begin preparing for a new state-imposed property tax lid to take effect. The tax lid is meant to limit the growth of city and county governments.
Local governments will have to hold a special election starting with next year’s budget if they want to keep any revenue above the tax lid.
The Topeka governing body also scheduled a public hearing on the proposed 2017 budget for its next meeting, on Aug. 9. The governing body plans to consider finalizing that budget on Aug. 16.
Information from: The Topeka (Kan.) Capital-Journal, http://www.cjonline.com.