Tuesday, December 04, 2018
Will Petition Push Back Stop EPIC Tax Breaks For Kansas City Developers???
The latest community effort now up for city council debate and a power move that will ultimately be thwarted by election langauge rewrites.
Here's a more hopeful take:
Fox4: Petition aims to cut tax breaks Kansas City gives for new developments
The coalition is concerned because of how big tax breaks projects are getting.
According to the Hyatt proposal, the hotel could be essentially tax free for 10 years and get breaks for another five years, costing the city more than $8 million.
So the Coalition for Economic Development reform is fighting back.
This Wednesday, the city's finance and governance committee will review the petition for capping tax incentives and consider putting it on the August 2019 ballot.
Developing . . .