Many of us saw this coming when Raytown's elected and unelected officials gave Walmart a "super tax increment financing" to build their new store on M-350 east of Raytown Road.
The City of Raytown is now on the hook for yet-unknown hundreds of thousands of dollars of bond payments due at the end of this year.
With the economy in the tank and expected development near the new Walmart that hasn't materalized- money for those payments will come out of city coffers/taxpayer's pockets.
Walmarts new corporate-welfare palace under construction on Missouri-350.
It seems no one in Raytown's City Hall saw the demise of Chrysler coming: that closed 3 car dealerships in Raytown that provided much needed sales tax money.
In addition- Raytown residents recently voted to sales tax themselves some more. The result is one of Metro Kansas City's highest sales tax and when the new Walmart opens- you ain't seen nothing yet.
Sales tax in and around the new Walmart will be close to 10%!
Raytown's administrative staff are mostly non-residents of Raytown. The city has been LOSING population since the 1970's.
Infrastructure in Raytown is shaky at best- with city administrators seemingly more interested in giving welfare to the world's biggest corporation and turning a blind eye to clear-cut code violations than providing a livable city for it's residents.
And with at least several hundred thousands of dollars due on that welfare soon- it's unlikely Raytown will become any more of a livable city anytime soon.
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