Kansas City's e-tax opportunity!!!
My well-connected, financial analyst source working with great interest in affairs at City Hall recently gave me some more information about the upcoming (clandestine) initiative to raise Kansas City's earning tax.
It seems that the powers that be have been crunching the numbers and raising Kansas City's e-tax even a quarter point to 1.25% could generate nearly $100 million worth of revenue!!!
That's nothing to sneeze at and part of the reason that City Officials are moving so slowly to put this initiative together . . . The higher e-tax on the horizon could be one of the few moves that could bring the City Council together . . . Mayor Funky's people are once again caught with their pants down given that they're mostly out of the loop in this discussion . . . Still, the back channels from KC to Jeff City know that the move is coming and it's one of the few steps that would not only put a progressive tax on suburban interlopers but also secure KC's bond rating which has been in significant danger of being downgraded in recent years.
And while TKC hates new taxes . . . I'm glad to let report this EXCLUSIVE info to KC and at least warn folks what's on the horizon . . . Other than a depression, of course.