Tuesday, May 09, 2017

TKC BREAKING AND EXCLUSIVE NEWS!!! COMMUNITY OUTRAGE AS UNIVERSAL TIF TARGETS MORE CASH FROM KANSAS CITY SCHOOLS VIA CITY MANAGER!!!



Right now, here's FIRST WORD about an important Kansas City financial debate that features City Hall continuing to siphon money from schools despite an influx of "infrastructure" cash.

To wit and amid more tax increment financing frustration . .

UNIVERSAL TIF THREATENS TO KEEP EATING UP KANSAS CITY CASH AT HORRIFIC COST TO LOCAL EDUCATION!!!

Here's the sitch explained PERFECTLY . . .

"On April 4, voters authorized the city to borrow and spend up to $800 million for public works projects over the next 20 years. This includes $600 million for streets, bridges and sidewalks. But in an April 25 letter, city manager Troy Shulte announced his intention to take another $4.8 million of funds not needed by the now-completed Universal TIF that would otherwise go for schools, libraries, community college, and the disabled. If the city manager gets his way, those dollars will be diverted, adding to the already staggering amount slated for streets and sidewalks. Education advocates are rightfully concerned. The TIF Commission and Plans and Zoning Committee of the City Council take up the issue at meetings on Wednesday, May 10. But the bigger questions probably won’t be discussed: why isn’t $600 million enough for City Hall? Is the education of our city’s children a bigger priority than sidewalks in a nonresidential area? And if City Hall is not acting in the interest of our schoolchildren and families, whose interests are they serving? Is it good for kids? You decide."

Opposition to this City Manager move is quick and unified from a coalition of residents, educators and voters . . .



Check this letter from the Kansas City Coalition For Economic Development Reform . . .Here's the most important passage . . .

We are writing to express our concerns regarding a proposal by the City Manager to use $9.8 million in the Universal TIF Special Allocation Fund for infrastructure improvements in and adjacent to the Universal TIF District boundaries. Although the project has been competed, rather than terminate the TIF and distribute all the surplus funds to the taxing jurisdictions to educate our children, operate our libraries, and help the mentally ill, the City Manager wants to expand or revise the district boundaries and use those aforementioned revenues for curbs, sidewalks, property acquisition and demolition channel improvements and bicycle and walking trails. Those projects may have some merit, but the education of our children is a higher priority . . . Revenues that should accrue to benefit and operate the school and library districts should not be used for city infrastructure and "a recreational amenity."

Again, read the whole thing in its entirety . . . As this debate moves toward the TIF commission.

Developing . . .

17 Comments:

Anonymous said...

This is because City Hall has to use the GO Bond money for the hotel, the streetcar, the new bridge and the Airport. There's really nothing left over for the sidewalks.

Rory KC said...

Better headline: KCMO GO bonds already spent!

Jameson said...

TIF has been one of Kc's worst abused processes in the past decade. It's a slush fund nothing more and we need to clean it up. The letter asks the TIF commission for help but let's not forget that most of them are political appointments and they have been preselected to do the bidding of the mayor and the corporations they represent. It is good that we're getting these issues out in the open but let's not think that TIF proponents like the city manager have been presiding over this mess for years.

THAT is why we need voters to get more involved in creating real TIF and tax subsidy reform.

Anonymous said...

The Powers That Be are perfectly fine with your transition to proletarian debt-serf.

Anonymous said...

LET'S REVIEW:

The City Manager, Mayor James, and most of the Council do NOT work for the best interests of citizen taxpayers. Rather, they work for the benefit of themselves and the corporate development masters who own them.

Programs such as TIF exist primarily to divert funds directly into the coffers of this development clique. Not content to operate in a fair and transparent manner, the developers agenda involves rigging the game in their favor, guaranteeing profits and eliminating the risk for losses.

A large number of these developers actually reside in Kansas, finding KCMO useful as their parasitic host, but unsuitable for a place of residence. They send their children to private schools thus have little interest in the state of public education in KCMO. Likewise, they don't utilize the public libraries, having high-speed internet, Amazon, Netflix, etc., available on multiple home devices, and no interest in rubbing shoulders with the masses in public.

Where does the City Manager reside? Far away from the problems of KCMO, in an upscale development of KC North.

Anonymous said...

#KorruptCity

Anonymous said...

don"t know why anyone is surorised when did city hall ever keeep thier word.
the public was dumb to vote for them to get more money.what a bunch of rubes

Anonymous said...

The school districts and the libraries don't have a seat at the TIF table when decisions are made. How is it LEGAL to take money from those entities without their permission?

Anonymous said...

McClatchy, The Kansas City Star's parent company, had another losing quarter, wrote down the value of their CareerBuilder stake, and has hit a new LOW in valuation!

Total Debt to Equity ratio = -39.03


Long-Term Debt to Equity ratio = -38.26

DEAD MAN WALKING

Anonymous said...

Hell there is a 14 story apartment on the Plaza going in soon that got tax incentives/20-year property tax abatement.

I mean is the public ever going to snap out of it and wake the fuck up to this game?

Anonymous said...

Doesn't look like it.

Crazy Clown said...

PROOF -
Communist Liberals have infiltrated KCMO City Hall, as they continue with their LIES, Rhetoric, Spin, and Snake Oil Salesman tactics, like the Degenerate Gypsies they are, always stealing everybody elses money for their bullshit !!!

The day will come to pull a JIMMY HOFFA on KCMO Mayor Sly James and that Troy Schulte,,,,,,,,,,,

and its long over due !!!!

Byron Funkhouser said...

Crazy, someone should figure out who you really are.

You just threatened to kill two public officials.

This is not protected "free speech".

Anonymous said...

Gee Byron, you sound like a "hater" - like you accuse everyone else of being.

Anonymous said...

Troy needs to be told to back off on this. It's time to stop this kind of TIF abuse.

Bob said...

3:39, no he didn't and, as phrased, yes it is.

Anonymous said...

No amount of money is ever going to produce even simple literacy in the KCMO schools. Look at the students they have to work with.