Monday, February 20, 2017

TKC EXCLUSIVE AND BREAKING NEWS!!! KANSAS CITY TAX FIGHTERS CONTRADICT CLAIMS FROM '123 GO BONDS' CAMPAIGN!!!



The Kansas City campaign website to support $800,0000,000 bond issue questions is inaccurate according to critics.

Check the the website link as the "123 Go Bonds" campaign attempts to explain complex municipal bond issues simply . . . Progresskc.com



However . . .

ANOTHER LOOK AT THE MATH REVEALS KANSAS CITY GO BONDS WILL TAKE DOUBLE THE AMOUNT OF TIME TO REPAY THAN WHAT CITY HALL CLAIMS!!!

Here's the word that we've highlighted as we try to figure out a way to embed an interesting spreadsheet that's going around on this topic . . .

Just The Facts:

At the Mayor’s Town Hall Meetings we’ve heard him say the $800,000,000 bond issue will cost the average taxpayer a little more than $8.00 per year for a $100,000 home and a $15,000 auto. The exact language is quoted below from the City’s bond sales brochure.

"How Do We Pay for Them?

The GO Bonds will be paid for with a modest property tax increase. Paying back $800 million over 20 years will result in a property tax increase of just $8 more on average each year for the typical homeowner.”

It sound like the average taxpayer owning a $100,000 home and a $15,000 auto will only pay $8.00 more a year more in property taxes. NOT TRUE! This is just wrong and very misleading as are several statements made at these meetings.

They also state it is a 20 year bond issue when in fact it will take 40 years to run it’s cycle.

Remember the City will have unlimited authority to raise property taxes however much they need to pay the bonds off. They do not need approval of the taxpayers. It’s basically a blank check.

The taxes are in addition to what you pay now and you will be taxed on all your personal property, not just homes and cars.
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Developing . . .

17 Comments:

Anonymous said...

that is a very sparse website. I guess we should be glad that that they're not spending a lot of money on the campaign.

ABG said...

Another damn shame. KCMO isn't being honest to voters about the cost or how the money will be spent.

Anonymous said...

If Sly and gang will sign a binding contract that they will do what they promise with the money maybe I would give it some thought. That contract must include jail time for breech.

Anonymous said...

This is contract for taxpayers to pay but NO contract for city hall to do the projects they list. Vote NO.

Anonymous said...

And when the county raises the value of my home every other year, will the city raise the tax also?

Anonymous said...

If this passes, the City WILL raise property taxes every year for 20 years!

Anonymous said...

Who, what and where is the campaign AGAINST this? How do you sign up to volunteer AGAINST this initiative?

Anonymous said...

I want a yard sign.I want one that says KC NO / GO BONDS NO on #1 #2 #3

Where are they?

Anonymous said...

Never ever vote yes on an initiative that raises and relies on property tax increases. I realize the boons of KC think that since they live in apartments and don't own property they can't be hurt, but that is just dumb. Property tax increases negatively effect commercial property owners which results in a trickle down to the groceries, apparel, fuel and consumables folks have to buy out of their own pockets. Costs of services go up. Rent goes up. You do not escape the effects of property tax and raising those taxes ripple through every facet of the local economy. Better yet vote to reduce bureaucrat and government salaries for the next 20 years and lets see just how big of a priority this bullshit is when the shoe is on the other foot.

Anonymous said...

You make too much sense. ^^^^^

Anonymous said...

Don't azk ztupid quetionz!


Juz do as leaderzhip azks!

Anonymous said...

brookside yard signs but where else?

Anonymous said...

in kansas, property taxes are high but the schools, police, and fire department and do on are great too.

KCMO houses will lose value if property taxes go up.

Anonymous said...

IT'S NOT TRUE! I HAVE NO PROOF WHATSOEVER BUT IT'S NOT TRUE BY GOLLY!

Ok, thanks.

Anonymous said...

There isn't a campaign because only morons would oppose it or trump up false information about it.

You can help by digging your own grave and jumping in itm

Geoff InKC said...

To Annonymous who said "I realize the boons of KC think that since they live in apartments and don't own property..." I'm sure it wasn't your intent but boons does rhyme with a directory word for African Americans and just the thought negates all valid points you were trying to make. You may want to rethink using that word in future arguments.

Bert Taube said...

Why vote to repair sidewalks, build dog shelters, flood control, and make buildings handicapped compliant this should have already been done.

We need repair of bridges and roads not traffic improvments. Those that want improved flood control need a tax district for that purpose.

Last but not least yearly tax caps must be part of the language for as it reads to me retirees could lose their home due to high tax bills. I dont believe in giving blank checks to local governments that have the power to take your home for non payment of taxes.
There has to be a better way to do this