KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 020087 Introduction Date: 1/17/2002
Type: Resolution Effective Date: 1/24/2002
Sponsor: COUNCILMEMBER COOPER
Title: Amending the City´s 2002 legislative priorities by including support for the Missouri Downtown Economic Stimulus Act.

Legislation History
DateMinutesDescription
1/17/2002

Referred Legislative, Rules and Ethics Committee

1/23/2002

Immediate Adoption

1/24/2002

Adopted


View Attachments
FileTypeSizeDescription
020087.pdf Other 111K Authenticated and Additional Documents

Printer Friendly Version

 

RESOLUTION NO. 020087

 

Amending the Citys 2002 legislative priorities by including support for the Missouri Downtown Economic Stimulus Act.

 

WHEREAS, the Council has established 2002 legislative priorities for the Missouri General Assembly by adoption of Resolution No. 011693; and

 

WHEREAS, the Missouri Downtown Economic Stimulus Act will provide an economic development stimulus for the entire state of Missouri by providing new state revenue, a portion of which will be redirected back into approved projects for public improvements, which are not feasible without this new state revenue mechanism; and

 

WHEREAS, the Missouri Downtown Economic Stimulus Act is designed to provide new state and local revenue, at a time when an economic stimulus is sorely needed, through the creation of new revenue generated in the form of Missouri sales tax of 3% (total 4.225%) and a 2% portion of the Missouri income tax through withholding, which would be used to improve public infrastructure, parking, land remediation, and land acquisition; and

 

WHEREAS, under the Missouri Downtown Economic Stimulus Act only a portion of these taxes would be redirected to major projects; and

 

WHEREAS, as a result of the Missouri Downtown Economic Stimulus Act other new state tax revenues, such as corporate income tax and the dedicated portions of Missouris 4.225% sales tax (including education) will immediately be created and flow to Missouris treasury, providing additional revenues to the state and its educational system; and

 

WHEREAS, the Council desires to add to its 2002 legislative priorities for the Missouri General Assembly the passage of the Missouri Downtown Economic Stimulus Act; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

That the Councils 2002 legislative priorities for the 2002 session of the Missouri General Assembly be amended to include the passage of the Missouri Downtown Economic Stimulus Act.

 

______________________________________________________________