Kansas Lawmakers Approve Tax Cuts to Help Lure Major League Franchises

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Kansas legislature passed a measure to use state bonds to help finance new stadiums, amenities for the Kansas City Chiefs, Kansas City Royals.

Kansas legislature passed a measure to use state bonds to help finance new stadiums, amenities for the NFL's Kansas City Chiefs, MLB's Kansas City Royals.Following discussions in a special session of the Kansas legislature, lawmakers passed a measure to allow state bonds to be used to lure the Kansas City Chiefs and Kansas City Royals to move from neighboring Missouri.

The move also seems to have generated excitement with the major league teams most likely to be impacted. However, not all reactions to the measure were positive, with some lawmakers feeling the move has given major league franchises too much leverage.The Mayor of Kansas City, Missouri, Quinton Lucas, seemed to agree.

Source: News Formal (newsformal.com)

 

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