City Approves Light Rail Study Funds
The City Council approved a $1.2 billion 2007 budget Thursday that includes $200,000 to study light rail; the money will come from the existing transportation tax.
On a related note, the KCATA budget gets cut in 2007 due to flat sales tax revenue and increased TIF reimbursements. TIF, or tax increment financing, diverts a portion of tax revenues to fund infrastructure improvements for specific development projects or areas.
1 Comment so far
Leave a reply
thats horrible