KANSAS CITY FEARS UPCOMING APRIL 'LIMITLESS' GO BOND TAX VOTE!!!
One of many issues that wasn't really addressed in this week's City Hall town hall . . .
The CFRG believes the GO bond will carry an unlimited tax obligation. As such it would grant the city the “ability to tax without limit on all property real and personal to secure the interest and principle in order to repay the debt.” In other words, if interest rates go through the roof, the City could conceivably raise property taxes as much as necessary to pay the principal and interest on the bonds.
Check a worthwile write-up from Jack Cashill's news site . . .
Mayor James Fails To Sell KC Audience on GO Bonds