Kansas City Stays Losing EPIC World Cup Tax Revenue

Important TKC FACT CHECK FROM ONE OF OUR VERY BEST READERS . . . 

RECEIPTS REVEAL KANSAS CITY, MISSOURI LOSING MILLIONS IN REVENUE AMID WORLD CUP CELEBRATION!!!

Local tidbit . . . Yep, this likely includes our notorious cowtown E-tax.  

Here's the money line . . .  

The decision to waive taxes on ticket sales in those three states adds up to a combined $57.8 million in lost revenue, at least.

"Missouri, Georgia and Florida introduced exemptions on taxes ordinarily applied to ticket sales for matches at their Arrowhead (Kansas City), Mercedes-Benz (Atlanta) and Hard Rock (Miami) stadiums. Each state signed legislation which approved the tax waiver in early 2022, giving up both state and local taxes from games," The Athletic writes.

It also sounds like estimates may have been done poorly. The Athletic calculated that Florida will lose $14.9 million in tax revenue, when the state's estimate had only been $7.5 million.

The same is true in Missouri, with The Athletic's estimate of $15.7 million more than double the state's projection of $7.2 million.

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

SPN: How costly World Cup decision lost $57 million in tax revenue in Florida, Georgia and Missouri