KANSAS CITY TIF CRACKDOWN?!?!

The basics . . .

"Kansas City voters will be asked June 18 to select a new mayor — and whether to approve a citizens initiative that would cap tax abatements from the city’s major agencies and programs at 50 percent, with no exceptions. The City Council passed a 75 percent cap in 2016 that does make exceptions for projects in long-distressed areas and certain “high impact” projects . . . The very reason there’s an incentives cap on the ballot is that a sizable group of Kansas Citians don’t trust the city to exercise self-control. The City Council fed this narrative when it tried to monkey with the date of a vote."

For subscribers, it's a great analysis, here's the summary for plebs who can't afford it . . .

Opinion: Incentives question comes down to public trust - Kansas City Business Journal

If you want to guarantee that Kansas City voters approve a measure to lower the cap on tax incentives for development, there's a road map on file. An ordinance proposed by Councilwoman Teresa Loar, which she later pulled from a committee agenda, could be described as providing a more nuanced option for voters on the topic of incentives.

Comments

  1. Slinmebag Development LLC4/12/19, 11:13 AM

    I need a new Yacht so vote no on this.

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  2. I just don't understand how anything came into being before incentives. Must have just been regular old free enterprise.

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  3. All tax abatements should cease to take place till the city is back on it feet and all infrastructure fixed and repaired.

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  4. Hells to the YES, y'all!4/12/19, 12:34 PM

    Both 12:12s... Excellent points!

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  5. Trust is the biggest component and no one believes Sly James will look out for anyone but rich developers over the citizens of KC.

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  6. For most people, there is NO trust of City hall!

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  7. Hey, something we all agree on!

    ReplyDelete

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