TOPEKA, Kan. (AP) Kansas House members have given final approval to a bill that will give Junction City more time to pay down debt related to growth at Fort Riley.
The bill passed 98-25 on final action Thursday. It gives the city an additional three years to reduce the ratio of outstanding debt to its total property valuation. The limit would remain at 37 percent under the bill through June 30, 2016. Approval by the House sends the bill to the Senate.
Junction City issued the bonds in the past decade to make improvements related to the return of the 1st Infantry Division to Fort Riley. City officials and supporters of the debt extension said the anticipated growth didn’t occur to the level expected, leaving the city in financial difficulty.
