KS SB35

Eliminates the permanent 1 mill state property tax levy for the Kansas Educational Building Fund and the 0.5 mill levy for the State Institutions Building Fund, applying only in tax year 2025 before discontinuation

Transfers $56,000,000 from the state general fund to the Kansas Educational Building Fund on July 1, 2026, with subsequent annual transfers increasing by the 10-year average percentage change in statewide taxable property valuation

Transfers $25,000,000 from the state general fund to the State Institutions Building Fund on July 1, 2026, with subsequent annual transfers increasing by 2% of $25,000,000 ($500,000) each year thereafter

Kansas Educational Building Fund supports construction, reconstruction, equipment, and repair of buildings at state higher education institutions under the Board of Regents

State Institutions Building Fund supports facilities for mental health institutions, juvenile justice facilities, vocational rehabilitation centers, and veterans services buildings