A petition for a ballot measure that would limit property tax abatements in Kansas City is taking steps toward appearing on a future ballot, the Kansas City Business Journal reports.
The City Clerk’s office certified 2,321 signatures for the petition, more than the 1,708 needed for a vote. The petition also had a first read before the Kansas City Council last week, the Business Journal reports.
The measure would cap tax abatements approved by several local development agencies at 50 percent, and it would limit the city’s use of Chapter 100 sale/leasebacks and Chapter 353 abatements.
The Coalition for Kansas City Economic Development Reform, the group behind the measure, wants it to appear on the ballot either next June or August, according to the Business Journal.
Those backers are also working with a similar group from St. Louis to discuss state laws that would limit tax abatements.