HB2001 authorizes STAR (Sales Tax and Revenue) bonds to finance major professional sports complexes.
The House passed HB2001 on June 18, 2024, by a vote of 84 to 38. We have assigned pluses to the nays because government has no business issuing bonds for professional sports. Privately owned billion-dollar professional sports teams should be expected to pay for their own facilities, which they can more than afford. “Economic development” is merely a cliché or code word used by cronies to coerce taxpayers into furnishing proliferate amounts of money to fund corporate-sponsored spending bills outside the limited purpose and scope of government. This bill is dependent upon sales tax revenue, making it an immoral, anti-constitutional act of government-imposed theft that takes from citizens the wages they have rightfully earned.