Wednesday, August 19, 2020
NEW PLAN BELIEVES MORE CASH WILL TOTALLY FIX KANSAS CITY SCHOOLS!!!
Here's an economic power move that threatens to put the final nail in the coffin of local developers and, hopefully, incentivize builders to forgo local tax breaks.
KCUR: Economic Development Tax Breaks Cost Kansas City Public Schools $2,000 Per Student
Deets on the plan to put school officials in charge of city development:
The Kansas City Council is considering major reforms to its tax incentive policy that would allow school districts across the city to choose whether to allow their property tax abatement.
Under the proposed change, a developer seeking a tax exemption would have to first obtain written permission from the affected school district, unless the project is in a continuously distressed census tracts or the project falls within a designated area, all of which are located on the East side of Kansas City.
The city’s Neighborhood, Planning and Development committee discussed the measure for the first time Wednesday, but a final vote is not scheduled for weeks.
Developing . . .