TOPEKA, Kan. (AP) The Kansas Senate has approved legislation giving Junction City more flexibility in managing its debt.
Thursday’s vote of 36-4 sends the measure to Governor Sam Brownback.
The bill gives Junction City officials three additional 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 2016.
Junction City issued bonds in the past decade to make improvements related to the return of the Army’s 1st Infantry Division to Fort Riley. City officials and supporters of the debt extension said the expected level of growth didn’t occur, leaving the city in financial difficulty.
The measure was part of the city’s financial restructuring plan adopted in 2011.
