Post by Logan on Mar 14, 2017 22:02:13 GMT -6
Campaign flier on KC's infrastructure proposal understates tax increase
The main campaign flier for Kansas City’s $800 million infrastructure proposal says simply:
“Paying back $800 million over 20 years will result in a property tax increase of just $8 more on average each year for the typical homeowner.”
In other words, taxpayers might think that at the end of 20 years, they’ll have paid a total of $160.
Not so fast. The way the campaign for the April 4 election came up with that $8 number is a big oversimplification. Its use has handed bond proposal opponents a weapon.
Read more here: www.kansascity.com/news/politics-government/article137843933.html
The main campaign flier for Kansas City’s $800 million infrastructure proposal says simply:
“Paying back $800 million over 20 years will result in a property tax increase of just $8 more on average each year for the typical homeowner.”
In other words, taxpayers might think that at the end of 20 years, they’ll have paid a total of $160.
Not so fast. The way the campaign for the April 4 election came up with that $8 number is a big oversimplification. Its use has handed bond proposal opponents a weapon.
Read more here: www.kansascity.com/news/politics-government/article137843933.html