Tuesday, November 29, 2016

TKC BREAKING AND EXCLUSIVE NEWS!!! KANSAS CITY INSIDER FEARS $800 MILLION BOND ASK AND SALES TAX SPIKE TURNING INTO CITY HALL SLUSH FUND!!!



One of the biggest financial deals in Kansas City history offers very few specifics to voters according to an AWESOME INSIDER and denizen of our blog community.

To wit . . .

CHECK THE DOX FOR KANSAS CITY'S UPCOMING BOND AND TAX REQUESTS . . . THERE'S VERY LITTLE DOCUMENTATION OF WHAT POLITICOS PLAN TO DO WITH THE MONEY!!!

Vague deets are part of politics in Kansas City but insiders fear this latest ask is little more than a blank check. Like it or not, this is more important than all of the other distractions today because it shows Mayor Sly & Co with their hands in the cookie jar while NOBODY is looking . . .

Here's the word:



"$800 million bond issue with a worthless fact sheet. NO LIST OF PROJECTS!!! Also the 1-cent sales tax for capital improvements now extended for 20 years. Minimal accountability now. It's a future slush fund. Like the general fund bailing out P&L district."

Do your own research, we've provided the links . . . Both of these issues will be put before Council Committees in just a few moments and probably pushed through without any consideration for just how little information is shared with voters who will be asked for their approval.



Take a peek:

PROPOSED AGENDA

160877 Calling an election on April 4, 2017, for the purpose of authorizing the issuance of an amount not to exceed $800,000,000.00 in General Obligation Bonds; directing the City Clerk to provide notice of the election; declaring the City’s intention to reimburse itself from bond proceeds for bond related expenditures; and recognizing this ordinance as having an accelerated effective date.

160876 Enacting a new Section 68.449, Code of Ordinances, entitled Sales tax (2019) to extend for 20 years the City’s current 1% sales tax used for capital improvements and to codify dedication of 35% of the available annual sales tax receipts for neighborhood conservation, maintenance and improvements divided equally among Council districts and 65% of the available annual sales tax receipts for capital maintenance, pursuant to Sections 94.500 through 94.550; reaffirming the role of the Public Improvements Advisory Committee; providing for submission of this ordinance to the qualified voters of the City for their approval at a special election called for Tuesday, April 4, 2017; authorizing and directing the City Clerk to notify the responsible election authorities of this election; authorizing and directing the City Clerk to notify the Missouri Director of Revenue if the proposal is approved by the voters; and recognizing this ordinance as having an accelerated effective date.

Developing . . .

13 Comments:

Anonymous said...

of course they don't want any accountability.

We need all that money to pay for the Burke Hotel!

Anonymous said...

You watch and see- this will be used to fund the single terminal airport.

Anonymous said...

$800 million to hand out?
The line probably reaches all the way to Columbia!
In KCMO neither the electeds nor the staff could care less or know much of anything about boring old infrastructure like streets, sidewalks, and all the rest, so residents hoping to finally see some improvements are counting on thin air.
The usual suspects are salivating and rubbing their hands together in anticipation.
Be sure tow watch for the list of contributors to the campaign to get this passed and you'll pretty much get all you need to know.
What's the city's total outstanding debt?

Anonymous said...

^^^ i think you mean Colombia.

BWHAhahahaha!

KCMO = BANKRUPTCY

Anonymous said...

Duh. It was intended to be a slush fund from jump. That's not new.

Anonymous said...

Election day, Tuesday, April 4, 2017.
A good day to collect signatures on recall petitions for hopefully, soon to be, ex-mayor, Slimey James.

Anonymous said...

As explained in a KCK city council meeting on the 9th floor; April 4(th's) are the best time for tax increase measures. Not many people show up to vote and we can pass them easily. 'How can I approach my people with this mayor? They feel they're over taxed in my district'.

Mayor responds laughing and joking, 'tell them its for better jobs. You know the usual' as he continues laughing.

Here Comes Santa Claus said...

Toot Toot, here comes the Toy Train Expansion, Merry Late Christmas bitches, from not your friends at City Hall.

Anonymous said...

Time to fire Schulte

Anonymous said...

Watch the peckerwoods sit on their fat asses again and let the boons pass this tax. I've never seen such a pack of masochists

Anonymous said...

who will oppose this absurdity?

show-me?

will the newspaper of record shine a light on it?

Anonymous said...

No list of intended projects? Who's paying for the new coffee shop at City Hall? The Roasterie? Necco? Not enough codses inspectors but they get a cofee shop? No bulky item pick up, but coffee for employees? Huge water bills, but a coffee shop? Use folgers like the rest of us. Vote against it.

End of discussion said...

No new taxes.