Budget & Taxes (Appropriations · Economic Development)

HB 2007 is a fiscal 2026-2027 appropriations bill that allocates $9.0 million from state funds to the Department of Economic Development for its Regional Engagement Division, including funding for minority inclusion efforts and international trade offices. It also allocates $36.8 million for tax increment financing projects, such as Springfield Jordan Valley Park and Kansas City Bannister Mall, though projects must complete an application process to receive funds. The bill specifies that funds must be used solely for designated purposes, with some flexibility allowed between personal services and expenses in certain sections. This bill provides necessary funding for existing economic development programs without creating new laws or policies.