Question 1: Economic Development Incentives-Ad Valorem Real Property Tax Cap
Shall the City of Kansas City cap the amount of ad valorem real property taxes...
Shall the City of Kansas City cap the amount of ad valorem real property taxes that may be utilized in furtherance of economic development projects through the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Planned Industrial Expansion Authority of Kansas City, Missouri, the Kansas City, Missouri Port Authority, the Tax Increment Financing Commission of Kansas City, Missouri and the City of Kansas City, Missouri, by prohibiting the abatement, exemption or redirection of more than fifty percent (50%) of the ad valorem real property taxes that would have been due and payable but for the utilization of economic development incentives?