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Monday, November 07, 2011

Corporate Welfare (Tax Increment Financing) Taking Independence MO Budget To Cleaners

The INDEPENDENCE-BLUE SPRINGS-GRAIN VALLEY EXAMINER has a rather cheerleading story about The Falls- a shopping area anchored by Bass Pro Shops that is sucking taxpayer money from the Independence coffers.

Back in March- the city paid $3.5-million in bond payments to The Falls out of the city's fund because the taxpayer-funded retail area was (severely) underperforming in sales taxes.

Independence had backed the bonds to build The Falls with taxpayer dollars- and another multi-million-dollar payment is again due March 2012.

That drain on city funds has caused city employees to take an unpaid day off- as well as raise their insurance co-pays.

Citizen America needs to initiate a law that TOTALLY does away with ANY taxpayer subsidies to ANY  corporation!

1 comment:

Anonymous said...

Yes voters need to stop legalize raping of taxpayers hard earn dollars by politicians!!!

See in the end the polititions never feel the pain of their idiotic choices they made while in office. In fact most end up moving away to avoid the higher taxes they caused.