810 Talking about taxes Wednesday

cookster50 · 01-12-2006, 07:23 AM

Did anyone hear KK and crew talking about taxes in Jackson county on Wednesday, Jan 11? I listened a few minutes after 5 and they were talking about replaying their opening monologue and an interview with some Jackson county official and that if everyone knew this information, there is no way the stadium taxes would pass. Unfortunately, I arrived at my destination before they started talking about the details and I have no idea what was said. Did anyone hear it and can you provide a summary?

BTW, KK said it wasn't about the Chiefs or Royals, but taxes in Jackson County in general.

jidar · 01-12-2006, 08:41 AM

yeah, what's this? anyone have the info?

kc rush · 01-12-2006, 09:47 AM

I caught part of it. Basically he said that the bill as it is written now will lead to a huge slush fund for Jackson Co executives, and it will allow them to play favorites.

He said that the language of the bill and bonds that were used for the speedway in KCK specified that if earnings through taxes exceeded the minimum payment owed, the excess would be used to pay down the principal. The language on this bill doesn’t indicate where any excesses should be applied. Based on projections he said the tax would generate around $5 million per year in excess and around $135 million over the life of the tax. This would give the execs extra money to use for whatever they wanted including giving themselves raises according to KK.

The other beef he had was with the no-bid process that they have, meaning that the execs can choose whoever they want to handle the construction and manage the bonds. KK said that one of the execs is affiliated with a construction company, so there would be kick-backs there. He also said that Catherine Shields consultant/friend/largest campaign contributor is a bonds manager, who would stand to make $9 million on the deal.

Eleazar · 01-12-2006, 10:00 AM

I'm leery of any ballot measure where the cost is not known. Anytime a measure says "the cost to taxpayers is unknown" I automatically vote no. If you don't even have a clue how to quantify the cost then I'm not going to vote for it.

And, in that vein, I don't see how they could know the true cost of the work here if they didn't have any bids.

cookster50 · 01-12-2006, 10:50 AM

I don't think it will pass anyway.

Brock · 01-12-2006, 10:51 AM

Kansas should go ahead and start building the new stadium now.

Demonpenz · 01-12-2006, 10:53 AM

sweet. I get tired of going to the trashy part of town with nothing to do.

**Rausch** · 01-12-2006, 10:56 AM

Quote:

Originally Posted by Brock

Kansas should go ahead and start building the new stadium now.

The St.Louis legislators will vote against KC across the board. If Jackson Co. can't get it done on their own it won't get done, that's obvious.

Eleazar · 01-12-2006, 10:59 AM

I'm past the point of caring if one or both stadiums are lost to Kansas. Jackson county and the city of KC are a bunch of do-nothings. It's just prolonging the inevitable.

**morphius** · 01-12-2006, 11:04 AM

Quote:

Originally Posted by kc rush

I caught part of it. Basically he said that the bill as it is written now will lead to a huge slush fund for Jackson Co executives, and it will allow them to play favorites.

He said that the language of the bill and bonds that were used for the speedway in KCK specified that if earnings through taxes exceeded the minimum payment owed, the excess would be used to pay down the principal. The language on this bill doesn’t indicate where any excesses should be applied. Based on projections he said the tax would generate around $5 million per year in excess and around $135 million over the life of the tax. This would give the execs extra money to use for whatever they wanted including giving themselves raises according to KK.

The other beef he had was with the no-bid process that they have, meaning that the execs can choose whoever they want to handle the construction and manage the bonds. KK said that one of the execs is affiliated with a construction company, so there would be kick-backs there. He also said that Catherine Shields consultant/friend/largest campaign contributor is a bonds manager, who would stand to make $9 million on the deal.

And yet they wonder why almost no other counties wanted to give Jackson county control of the money on the last bill.

Demonpenz · 01-12-2006, 11:05 AM

I would love to be able to go over to dave and busters after a game instead of taco bell or drury in

**Dartgod** · 01-12-2006, 11:06 AM

Quote:

Originally Posted by Cochise

I'm past the point of caring if one or both stadiums are lost to Kansas. Jackson county and the city of KC are a bunch of do-nothings. It's just prolonging the inevitable.

Exactly. I have no problem driving out by the Speedway to see a Chiefs game. Paying for a PSL is an entirely different story, however.

beavis · 01-12-2006, 11:13 AM

Quote:

Originally Posted by Dartgod

Exactly. I have no problem driving out by the Speedway to see a Chiefs game. Paying for a PSL is an entirely different story, however.

Get ready, it's going to happen.

beavis · 01-12-2006, 11:14 AM

Normally, I think KK is an idiot, but he had that guy up against the ropes yesterday. I could really care if the Royals end up downtown or not, but it's pretty obvious to me that Jackson County is about as corrupt as it gets, and it's never going to change. Maybe moving them out by the racetrack would be the best thing for everyone.

jiveturkey · 01-12-2006, 11:17 AM

I heard most of the interview as well and the guy in charge of the sports commision confirmed most of this info and said that it's in the hands of the county and the teams and sports commision can only make recommendation.

Western WyCo works for me.

01-12-2006, 07:23 AM
cookster50 Supreme Commander of My House Join Date: Apr 2004 Casino cash: $-16378	810 Talking about taxes Wednesday Did anyone hear KK and crew talking about taxes in Jackson county on Wednesday, Jan 11? I listened a few minutes after 5 and they were talking about replaying their opening monologue and an interview with some Jackson county official and that if everyone knew this information, there is no way the stadium taxes would pass. Unfortunately, I arrived at my destination before they started talking about the details and I have no idea what was said. Did anyone hear it and can you provide a summary? BTW, KK said it wasn't about the Chiefs or Royals, but taxes in Jackson County in general.
Posts: 3,445

01-12-2006, 08:41 AM	#2
jidar MVP Join Date: May 2005 Location: a Casino cash: $10004900	yeah, what's this? anyone have the info?
Posts: 5,502

01-12-2006, 09:47 AM	#3
kc rush Blah Blah Blah Join Date: Mar 2003 Location: In front of the computer. Casino cash: $2039559	I caught part of it. Basically he said that the bill as it is written now will lead to a huge slush fund for Jackson Co executives, and it will allow them to play favorites. He said that the language of the bill and bonds that were used for the speedway in KCK specified that if earnings through taxes exceeded the minimum payment owed, the excess would be used to pay down the principal. The language on this bill doesn’t indicate where any excesses should be applied. Based on projections he said the tax would generate around $5 million per year in excess and around $135 million over the life of the tax. This would give the execs extra money to use for whatever they wanted including giving themselves raises according to KK. The other beef he had was with the no-bid process that they have, meaning that the execs can choose whoever they want to handle the construction and manage the bonds. KK said that one of the execs is affiliated with a construction company, so there would be kick-backs there. He also said that Catherine Shields consultant/friend/largest campaign contributor is a bonds manager, who would stand to make $9 million on the deal.
Posts: 12,593

01-12-2006, 10:00 AM	#4
Eleazar Beyond the Rapids Join Date: May 2003 Location: Langley, VA Casino cash: $-370000	I'm leery of any ballot measure where the cost is not known. Anytime a measure says "the cost to taxpayers is unknown" I automatically vote no. If you don't even have a clue how to quantify the cost then I'm not going to vote for it. And, in that vein, I don't see how they could know the true cost of the work here if they didn't have any bids.
Posts: 80,659

01-12-2006, 10:50 AM	#5
cookster50 Supreme Commander of My House Join Date: Apr 2004 Casino cash: $-16378	I don't think it will pass anyway.
Posts: 3,445

01-12-2006, 10:51 AM	#6
Brock Say hello to my little friend Join Date: Aug 2000 Location: Larryville Casino cash: $9598422	Kansas should go ahead and start building the new stadium now.
Posts: 47,314

01-12-2006, 10:53 AM	#7
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $-353864	sweet. I get tired of going to the trashy part of town with nothing to do. __________________
Posts: 54,952

01-12-2006, 10:59 AM	#9
Eleazar Beyond the Rapids Join Date: May 2003 Location: Langley, VA Casino cash: $-370000	I'm past the point of caring if one or both stadiums are lost to Kansas. Jackson county and the city of KC are a bunch of do-nothings. It's just prolonging the inevitable.
Posts: 80,659

01-12-2006, 11:05 AM	#11
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $-353864	I would love to be able to go over to dave and busters after a game instead of taco bell or drury in __________________
Posts: 54,952

01-12-2006, 11:14 AM	#14
beavis Free Born Man of the USA Join Date: May 2003 Casino cash: $9954900	Normally, I think KK is an idiot, but he had that guy up against the ropes yesterday. I could really care if the Royals end up downtown or not, but it's pretty obvious to me that Jackson County is about as corrupt as it gets, and it's never going to change. Maybe moving them out by the racetrack would be the best thing for everyone.
Posts: 7,588

01-12-2006, 11:17 AM	#15
jiveturkey Captain Kick Ass Join Date: Sep 2001 Location: Kansas Casino cash: $9305197	I heard most of the interview as well and the guy in charge of the sports commision confirmed most of this info and said that it's in the hands of the county and the teams and sports commision can only make recommendation. Western WyCo works for me.
Posts: 5,781