Fear The New Kansas City Tax District!!!
Northeast News provides an EPIC look at local taxing issue on the upcoming April Ballot.
Here's the money quote:
"The ballot initiative would establish a taxing district that makes up most of Kansas City’s urban core, running from the Missouri River to 85th Street, State Line Road to I-435. Helluva district, don’t ya think?
The new sales tax within the Transportation Development District would be 1 percent; plus, properties closest to the streetcar line would face special property assessments.That means if you own a $200,000 house, you get the distinct “honor” of shellin’ out another couple of hundred a year, just to help fund more trips to the Spanish Riviera for the city suits so they can “study” why Spanish ball bearings are better than ball bearings made in America. Way to support that local economy there, Mr. City Manager."
Read the whole thing and then remember that Kansas City muni-bonds are soon to be downgraded.
Northeast News: Are you sleeping?
Developing . . .