COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 2675-01
Bill No.: SB-634
Subject: Jackson County Sports Authority: Appropriations
Type: Original
Date: January 9, 2002
FISCAL SUMMARY
FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials of the Office of the State Treasurer and the Office of Administration assume no fiscal impact.
Officials of the Kansas City Manager's Office assume that State funding could be as much as $7 million dollars annually. Officials assume there could be an increase in economic activity at both stadiums as a result of an improvements appropriation. Officials assume that revenue could be generated in the form of increased earnings taxes, utility taxes, and sales taxes. Officials could not estimate the amount of revenue that could be generated. City officials stated that they did not expect any cost, unless, there would be a local match required.
Officials of the Jackson County Sports Complex Authority assume no fiscal impact.
LONG RANGE IMPACT:
Oversight assumes that this proposal is beyond the scope of this fiscal note, therefore, fiscal impact is shown as $0. Monies, if appropriated by the General Assembly, could not be in excess of $7 million dollars annually, and could not be appropriated or transferred prior to fiscal year 2006. No monies could be appropriated until after the date upon which the Kansas and Missouri Metropolitan Culture District sales tax is renewed or extended, and until after the date upon which the lease agreement for the use of such sports stadium is renewed or extended.
FISCAL IMPACT - State Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
$0 | $0 | $0 |
FISCAL IMPACT - Local Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
$0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act authorizes an annual appropriation to the Jackson County Sports Complex Authority for support of the two sports stadiums owned by the public authority, Arrowhead Stadium (home of the Kansas City Chiefs) and Kauffman Stadium (home of the Kansas City Royals), of up to $7 million for each stadium, in addition to amounts previously authorized. Any such appropriation or transfer of money is contingent upon: (1) Renewal or extension of the current Kansas and Missouri Metropolitan Culture District retail sales tax (which is set to expire in 2002); and (2) Renewal or extension of the lease contracts currently in effect for the Chiefs and Royals.
No appropriations are authorized to occur until FY 2006.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Office of the State Treasurer
Office of Administration
Kansas City Manager's Office
Jackson County Sports Complex Authority
NOT RESPONDING
Jackson County Executive
Mickey Wilson, CPA
Acting Director
January 9, 2002