A Kansas City Council committee approved much-discussed changes to the city’s economic development policy, recommending on Wednesday that the full council pass it.
Under the ordinance, which has been spearheaded by 3rd District at-large councilman Quinton Lucas, the abatement or redirection of tax incentives would be reduced by one-fourth. For example, a 10-year, 100 percent property tax abatement would be limited to a 75 percent abatement under Lucas’ ordinance.
Exemptions exist in Lucas’ ordinance, but not as many as originally proposed.
Taxing jurisdictions offered their support for the ordinance. Jan Parks, a spokeswoman for the Coalition for Kansas City Economic Development Reform, said she continued to support the ordinance as a good “first step” but would continue to monitor the city’s implementation of the policy.
The full council could vote on the measure as early as two weeks from now.
Read more: Kansas City Star