sales tax

El equipo llegó a un acuerdo con Hallmark Cards para llevar a cabo un “proyecto transformador" que creará un nuevo estadio de béisbol en Crown Center, cerca del centro de Kansas City, según anunció John Sherman, propietario de los Royals. El anuncio se produce una semana después de que el Concejo Municipal aprobara un paquete de financiamiento.

The team reached a deal with Hallmark Cards on a "transformative project" that will create a new ballpark at Crown Center near downtown Kansas City, Royals owner John Sherman said. The announcement comes a week after the City Council passed a financing package.

The proposed constitutional amendment gives Missouri lawmakers five years to expand sales and use taxes, in order to make up for revenue lost by eliminating the state income tax. It will appear in either a special election or on November's ballot.

Passing a proposed constitutional amendment to eliminate the income tax is a priority for Republicans in Jefferson City. The resolution still needs final approval from the Missouri House, but critics say that raising sales taxes will disproportionately hurt lower-income and elderly Missourians.

Proponents of eliminating Missouri’s individual income tax, including Gov. Mike Kehoe, say it will make the state more competitive and appealing for businesses and people looking to move to the state. But opponents say that hiking sales taxes will impose more costs on lower-income residents.

Despite the potential high costs, Republicans on a Senate committee advanced the plan on a party-line vote Monday. The bill would place an amendment on the statewide ballot later this year asking voters permission to eliminate the income tax and expand sales taxes.

Missouri’s legislature is debating a proposal that would gradually eliminate the state’s income tax and allow the legislature to hike or expand sales taxes. Economists warn it could add a financial burden to people who can least afford it —and mean less money for schools and transit.

Missouri Governor Mike Kehoe has proposed having citizens vote to phase out the state income tax over the next five years. But is that a viable option for the state budget?

About 60% of Missourians would experience a net tax increase under Gov. Mike Kehoe’s plan because of new sales taxes, while households in the top 1% would see an average tax cut of nearly $40,000.

The Unified Government’s STAR bond deal came with a Kansas promise to rebuild and repair three major bridges in Wyandotte County. But some officials say they want more commitments from the team.

The Unified Government passed an ordinance on a 7-3 vote to divert sales tax revenue to help finance the new Chiefs stadium in Kansas City, Kansas. Multiple residents expressed concerns about the city’s inability to adequately fund government functions while giving away millions to billionaires.

Following a rocky end to last year’s legislative session, Democrats are looking to slow things down, while Republicans push to pass Gov. Mike Kehoe’s state income tax cuts. Political reporter Jason Hancock spoke with KCUR’s Up To Date about the slow start and early dysfunction in the Missouri General Assembly.