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Up To Date

Seg. 1: The 'Dark Store Theory' Comes To Johnson County, Kansas. Seg. 2: Planning For A Recession.

Andrew Kline
For KCUR 89.3
Walmart is seeking to lower the property taxes it pays on its stores in Johnson County, Kansas.

Segment 1: Appeals by big-box retailers to have property assessed as though it is vacant could mean big revenue loss for local governments.

A strategy first seen in the upper Midwest has found its way to Kansas and its Board of Tax Appeals, which is considering the latest request from a multi-national company to reduce the appraised values of its stores in Johnson County, Kansas. We heard how this so-called 'dark store theory' works, and why it could cost the county tens of millions of dollars in tax reimbursements and hundreds of millions in revenue that supports schools and public services.

Segment 2, beginning at 27:00: With the economy still going strong, now is the time to prepare for a recession, say the Smart Money Experts.

Economic recessions in this country usually occur about every five years, yet it's been more than a decade since the Great Recession of 2008. As such, the Smart Money Experts suggest now would be a good time to check the diversity and risk level of your portfolio, and to add to your rainy-day fund.

When I host Up To Date each morning at 9, my aim is to engage the community in conversations about the Kansas City area’s challenges, hopes and opportunities. I try to ask the questions that listeners want answered about the day’s most pressing issues and provide a place for residents to engage directly with newsmakers. Reach me at steve@kcur.org or on Twitter @stevekraske.
As senior producer of Up To Date, I want our listeners to hear familiar and new voices that shine light on the issues and challenges facing the myriad communities KCUR serves, and to expose our audiences to the wonderful and the creative in the Kansas City area. Just as important to me is an obligation to mentor the next generation of producers to ensure that the important conversations continue. Reach me at alexanderdk@kcur.org.