Kansas proposal would let lawmakers pledge taxing power for debt

The proposed amendment would let the Legislature borrow money and pledge the state's full financial backing, including its taxing power, to repay it. The authority would cover public debt issued by the State of Kansas, including bonds and other forms of borrowing. Each debt would need approval by a law that states its purpose and declares that lawmakers considered cost and repayment efficiency. The proposal would need approval by two-thirds of each legislative chamber to go to voters, and voters would need to approve it. The proposed authority would begin with the Legislature's 2026 regular session, if the amendment were approved.