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 . . .