City pursues new building funding avenues

As new projects continue to grow around the Greensburg area, the city council continues to pursue new ways to finance projects.

Looking for creative ways to speed recovery is something the city is becoming good at.

Recently, City Administrator Steve Hewitt discussed the concept of creating a Public Building Commission (PBC) in order to come up with gap funding for upcoming building projects as part of the tornado recovery program. The purpose of the PBC would be to plan financing for upcoming projects and issue general revenue bonds. Changes in legislation at the Kansas state level would allow Greensburg to add additional sales tax to help pay off the bonds. The special purpose sales tax would be required to sunset (end) withing 10 years.

The city council voted uanaimously to pursue the conccept of forming a PBC in order to tackle the next upcoming building project, the Big Well Museum.

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