Kansas Gov. Sam Brownback last week endorsed legislation that would require local governments to lower their property tax rates automatically when assessed valuations increase.

Brownback said the proposed Property Tax Transparency Act, which will be introduced in the 2013 Legislature, is an important complement to a cut in the state income tax rate that will go into effect Jan. 1.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.