Cities, counties sitting on more than $5 billion in cash reserves - The Sentinel

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Cities, counties sitting on more than $5 billion in cash reserves - The Sentinel

City and county lobbyists are flooding the state capitol, pressuring legislators not to grant Kansans property tax relief. They tell legislators that restrictions on valuations or tax increases will lead to service cuts, as though every penny they spend is necessary. However, research by Kansas Policy Institute (which owns The Sentinel) shows the state’s 35 largest counties and the 25 largest cities were sitting on more than $5 billion in cash r…