Kansas City Low Voter Turnout Water Bonds ALMOST Explained

Actually . . . It is a de facto tax increase given that even borrowed money falls upon residents to pay off. 

Still, a couple of official explanations . . .  

"KC Water wants $1.5 billion in bond financing to fund improvements for the city-owned utility company’s sanitary sewer system and for improving and extending its water system. Kansas City voters will be asked two separate bond questions during the primary election, both worth $750 million in bond financing. The two-question proposal is part of four bond initiatives and a sales tax extension the city put on the Aug. 4 ballot."

More . . . 

"Kansas City voters have seen — and approved — requests like these before. Kansas City voters passed a $500 million water bond authorization by roughly a 4-to-1 margin in 2014. Similarly, voters passed a $750 million sewer bond authorization by 79.49% in 2022.

"Voters are being asked to authorize new revenue bonds because that previous borrowing authority is nearly used up on the waterworks side, and is largely spoken for on the sewer side. Meanwhile, water and sewer projects that need funding remain."

Read more via www.TonysKansasCity.com links . . .

Voters to decide on $1.5 billion in water and sewer bond initiatives. What to know

KC Water officials say if the bond initiatives fail, the utility company will need to raise rates.

FAQ: Kansas City's two $750 million water and sewer bond questions explained

The ballot language, the history, the projects and the money. Here's everything you need to know about Kansas City's Aug. 4 water and sewer bond questions.

Developing . . .