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Schulte said the school district, with a payroll of about $100 million, generates about $1 million in 1 percent annual earnings tax payments to the city. The TIF plan allows the city to redirect half that earnings tax money to the Troost TIF district. City staff and economic development officials see that as a way to spark additional commercial development to a long-neglected area. This East Side TIF counters a frequent criticism of Kansas Citys tax increment financing program that too many of Kansas Citys tax redirections go to affluent areas rather than to the neediest parts of town. Schulte said the challenge has been finding businesses that could provide a tax redirection to East Side neighborhoods. We have struggled for years to find significant East Side revenue generators, Schulte said, explaining that the school district move provided that type of revenue for an area that previously generated only $25,000 in economic activity taxes. Council members Scott Wagner and Dan Fowler were the lone dissenters. Wagner, chairman of the councils finance committee, applauded the plans motivation. But he cautioned that this $500,000 would otherwise go to the citys General Fund, which already faces a $6 million deficit this year. He worried that targeting the money for the Troost neighborhood would just take it away from police, fire, codes officers and other basic services that Troost also needs.

http://www.kansascity.com/news/politics-government/article122544219.html

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