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KANSAS CITY, Mo. (AP) — A Kansas City Council committee is considering economic development incentive limits.
The Kansas City Star (http://bit.ly/2bRVLTo ) reports that the Planning, Zoning & Economic Development Committee heard Wednesday from the public about whether the city should adopt a new policy. No decision was reached, although another discussion is expected next week.
The ordinance has four co-sponsors on the five member committee. It generally seeks to limit by one-fourth the level of property tax abatements and tax redirections that various economic development incentive programs can offer for a private development, save for a few exceptions.
Testimony came from administrators for several school districts, as well as development attorneys, activists and former elected officials. Kansas City Public Library CEO R. Crosby Kemper III raised concerns about incentives diverting money from the library system.
Information from: The Kansas City Star, http://www.kcstar.com
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