Thursday, June 20, 2019

KCMO Runs On Bad City Hall Data

It's kinda dry but still worth a peek: "A report from the Kansas City Council of Development Finance Agencies (CDFA) found that each dollar of development incentive, called tax increment financing, or TIF, generated $3.83 in new tax revenue. This finding stands in contrast with the majority of empirical research on TIF, which has found that these types of subsidies do not spur economic development."

Read more:

Kansas City Uses Bad Research To Justify Corporate Welfare

Subsidies (Inge Johnsson/agefotostock/Newscom) Applebee's the 1980s headquartered in Kansas City, Missouri, before moving right across the border to Lenexa, Kansas, in 1993. The casual restaurant chain moved its headquarters back to the Missouri side of the border in 2008, before leaving the region entirely for Glendale, California, in 2015.

5 comments:

Hyperblogal said...

Truer words have never been spoken.

Anonymous said...

I'm actually surprised KC uses any data at all. I always thought they just handed out blank checks to the right people.

Anonymous said...

sLIE and gopher boi couldn’t tell the truth if their lives depended on it, remember it was about tremendous and stupendous momentum! Hahahahaha!

Byron Funkhouser said...

^^You are a fucking liar, Petersucker.

Such a brave man anonymously calling elected officials childish names.

What a loser.

Anonymous said...

Local government has no problem whatsoever about lying to its citizens in order to take money from them. Cooked statistics and biased studies are just two tools among many others to accomplish that purpose. If a non public enterprise did the same things as our government, it would be shut down and its principals perp walked to jail.