Kansas City Works To Give Away Developer Tax Incentives Secretly

There is longstanding debate over this bit of legislation that has been stalled successfully over the course of 2022.

However . . .

Mayor & Council seemingly hope to set up this slush fund system as one of their last insults to local taxpayers.

Check the description . . .

"Ordinance 220701 creates a standardized administrative process for the city to issue tax breaks to developers. In this process, developments that meet certain criteria would be eligible for administrative approval for tax breaks without a public hearing or a financial analysis . . .

"Proponents believe that incentivized development will generate much-needed affordable housing in a city with rapidly increasing rent and property tax bills. But others, including KC Tenants, a tenants union and political advocacy group, and Kansas City Public Schools (KCPS), believe that many tax abatements come at the expense of school district revenue and displaced neighbors."

Read more via www.TonysKansasCity.com link . . .

Behind the tax incentives ordinance stuck in Kansas City Council limbo

Some developments could receive an administrative approval for a 100% property tax break for the first 10 years with no independent financial analysis.