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!