KC Light Rail

Your source for news and information on Kansas City’s light rail progress

Will the bus tax be exempted from TIF?

We stumbled on this little piece of legislation approved by the Missouri General Assembly that plugs a leak in the recently approved 3/8-cent bus tax in KCMO: SB 1131. Seems it's simply waiting for Governor Matt Blunt's signature. We posted earlier that flat sales tax proceeds + higher fuel costs does not a happy transit authority make, so we might have to rescind that calculation if this does indeed pass muster with the Governor. From a Prime Buzz article before the election:

The Kansas City Area Transportation Authority will get an estimated $22 million after money is taken out for tax increment financing. Officials estimated the gross amount generated by the tax at $25 million to $27 million.

If you recall, the only vocal opposition to the tax that voters passed overwhelmingly in August was a shadowy group whose complaint was that the tax wasn't exempt from TIF — as opposed to simply being anti-tax or anti-transit.

We just hope he doesn't send his approval in email. Snap!

2 Comments so far

  1. frank June 11th, 2008 3:08 pm

    HEY ALL, go read my comments to improving the level of jobs nation-wide,i am seeing lots of bitching,but no body is willing to see the problem and actually get a clue to what needs to be done and take steps.

  2. […] we posted earlier, the other good news from Jeff City is still waiting for Gov. Blunt’s […]

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