Over the past week our blog community has been talking about KCMO E-tax "chicanery" and increased difficulty getting back cash from 12th & Oak.
Accordingly . . .
MAYBE, JUST MAYBE, KCMO CRACKING DOWN ON E-TAX REFUNDS MIGHT BE CITY HALL REACTION TO BAD FINANCIAL RATINGS AS THE METRO WORKPLACE EVOLVES!!!
Here's the damage and one of the very few legit complaints that our JoCo Golden Ghetto friends can direct toward KC Proper . . .
"In affirming its negative outlook on Kansas City, Missouri, Fitch Ratings cautioned that based on increased remote work, it anticipates a slow recovery in payroll taxes — the city’s largest source of general fund revenue."
Read more via www.TonysKansasCity.com link . . .
Muni issuers face pressures from remote work
Credit and income sensitive municipal bond investors are well served to note recent comments by industry experts citing remote work as an emerging credit risk. In affirming its negative outlook on Kansas City, Missouri, Fitch Ratings cautioned that based on increased remote work, it anticipates a slow recovery in payroll taxes - the city's largest source of general fund revenue.
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