TKC BREAKING AND EXCLUSIVE NEWS!!! UPCOMING KANSAS CITY $800 MILLION GO BOND VOTE THREATENS AN EXPONENTIAL INCREASE IN PROPERTY TAXES!!!
Follow-up coverage and more FACTS about the consequences of an April vote from THE KICK-ASS DENIZENS of our blog community who aren't afraid to DO THE MATH beyond City Hall presser hype . . . Here's the word . . .
$800-Million GO - Vote Yes to double your taxes.... again, and again, and again.
"Slimy". That's the word that comes to mind after reading Tony's KC's report on the upcoming bond issue.
Is it any wonder there is NO TRUST of City Hall.
Here's the slimy truth they're NOT TELLING you. Let us assume the $6 increase for a $100,000 home is correct (It's not, but let's give them the benefit of the doubt).
That $6 increase is ONLY for the FIRST 40,000,000 in new general obligation bonds issued. Year two they promise to issue ANOTHER 40,000,000 in GO bonds.
Guess what happens when they double the amount of debt is sold?
Not too difficult to figure that math out. That promised $6 turns into $12.
So, what happens the third year, when they sell another 40,000,000 in general obligation bonds? You're probably catching on, add another $6 to your tax bill. That's 100% increase year two, another 50% increase year 3 and so on...
You can see where this is heading and it's not pretty. In five years, you'll be paying at almost $50 with no end in sight and higher taxes GUARANTEED by our city.
Hold onto your hat if you have a home worth $250,000, by year 10 your increase would jump to $185 a year. Each year growing again, and again, and again until year 20.
Voting Yes guarantees ever increasing taxes. Voting no forces our leaders to make do with what they are already collecting.
Oh... and by the way, the City always seem to find millions to pay architects and planner for plans (airport or streetcars) for things nobody wants. Perhaps some of those dollars could go to our streets first instead of lining the pockets of the politically well connected.
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Developing . . .
The hits keep coming.
ReplyDeleteCost of living is becoming a problem in Kansas City. It used to be one of our selling points and now it's a detriment for anyone who wants to live near downtown.
Good example of impaired thinking from our elected officials. This type of behavior is not tolerated anymore.
ReplyDeleteThe thing about Sly is he is always trying to solve state issues(gun control and minimum wage) and federal issues(immigration) while being mayor of a city that he doesn't solve city problems. Like a regressive tax system and high water bills. How can we spend $200 million on sidewalks and only $150 million on waste water sewers and storm sewers? Kansas City has the highest water and sewer bills in the area.
ReplyDeleteI don't know if this is the same person who contributed the great post the other day, but regardless, NICE JOB!
ReplyDeleteThis is exactly what the Mayor/City Manager/and some on the Council don't want taxpayers to understand. It's $40M every year cumulatively added to what went before, with another property tax hike every year.
Please don't forget that likely later this year the Mayor/City Manager/Council will also be pushing for a renewal of the existing 1-percent sales tax for Capital Improvements. They were going to ask for renewal this Spring (it expires in 2018), but even half-asleep taxpayers won't likely approve both a sales tax and $800M in new G.O. bonds for the same thing! The decision was made to separate the 2 votes, in an attempt to fool the taxpayers.
Voting Yes guarantees ever increasing taxes.
ReplyDeleteHey man downtown dwellers who pay among the lowest property taxes in KCMO need that cash baby!
SLies been lowering property values and assessments downtown since the day after his Plaza duck and run routine.
ReplyDeleteFew have noticed.
What happens when you can't pay your property taxes anymore?? AUCTION!!
ReplyDeleteThe city is probably calculating the projected tax increase based on current low interest rates. Interest rates are likely to go much higher over a 20 year period.
ReplyDeleteThe corrupt political. management machine that we have squandering the revenues of this City are banking their money (profits out of continuous development and building scams) so that they can live lavishly when they leave Kansas City. They have no intention of being saddled with the financial burdens that they are callously laying on the citizens of this great city. They are doing this for their own financial self interests. Just watch and see where they eventually make their residence.
ReplyDeleteis this right?
ReplyDeleteit would make the official presentation a complete fraud.
something missing here, i hope.
The thing that's missing is that THE BONDS GET PAID OFF, IDIOTS.
ReplyDeleteI've never seen such a collective of total idiots than the ones assembled here.
Frustration! Why can't the citizens just obey?
Delete^^^^^No mirror handy, trolley boy?
ReplyDeleteHow nice to see Tony put out the Show Me Institute "fact" sheet. Perhaps they failed to mention the backlog of repair work is immense; as in $6 billion and climbing. So the choice is, don't vote for it and the city will pick at the backlog of public works and never do much substantial or vote for it and the city will pick at the backlog and do some substantial things. Bitching about it won't get anything done.
ReplyDeleteUntrue. Complaint, loud and prolonged, is a valid response to the city's ongoing incompetent shenanigans.
DeleteI would anticipate this money would be used to fund further east side redevelopment. Tearing down motels, building Grocery Stores, new streets, curbs and sidewalks on the east side of town. I understand that these areas are in need of investment but at the same time, completely ignoring the west side of town builds a great deal distrust.
ReplyDeleteWhat about SW Trafficway, Broadway and 39th Street west of Main? Are these areas going to be included in the Bond repairs?
Most of this money will end up downtown because that is the only area city hall really cares about.
ReplyDeleteYeah SLie wants to be know as the man who resurrected Downtown.
ReplyDeleteGuess he figures that will neutralize the murder statistics, rolling gun battles, shootings, wounding, robbery's, home invasions, and other crime we go through on a daily basis.
@8:50am
ReplyDeleteThe reason that Sly makes believe that he's addressing issues like minimum wage, schools, and other state and national issues is that he knows he can't do a thing about them, but that they become a distraction for the public to take its eye off the issues like street maintenance, snow plowing, homicides, and other city issues that he actually has the responsibility to do something about.
It's more fun to get tv face time, give speeches, and march around than it is to roll up your sleeves and actually try to govern a city.
It's all the game to the gang at 12th and Oak, even though it is all too real for the residents and businesses of KCMO.
What are you going to run for next?
800 million political slush fund.
ReplyDeleteWHERE ARE TAX CUTS Sly?
ReplyDeleteBesides downtown and for developers?