• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Pickem Terms and Conditions
Sunday, January 29, 2023
The Platte County Landmark Newspaper
  • Home
  • Local News
  • Opinion
  • Landmark Pickem!
    • Weekly Pickem Updates
    • Results by Week
    • The Leaderboard
    • Pickem Rules and Help
  • Landmark Live!
  • Looking Backward
  • es_MXSpanish
  • Home
  • Local News
  • Opinion
  • Landmark Pickem!
    • Weekly Pickem Updates
    • Results by Week
    • The Leaderboard
    • Pickem Rules and Help
  • Landmark Live!
  • Looking Backward
  • es_MXSpanish
No Result
View All Result
The Platte County Landmark Newspaper
No Result
View All Result

Sales tax could go up in a portion of Platte City

Alan McArthur by Alan McArthur
January 29, 2017
in Platte City
4
SHARES
101
VIEWS
Share on FacebookShare on TwitterShare via Email

A slight sales tax increase appears to be on the way for a portion of Platte City.

Platte City’s Board of Aldermen approved a resolution to expand the boundary of the Platte Valley Plaza Transportation Development District (TDD) and increase the sales tax within the district by 1/8 cent.

RelatedNews

Financial incentives okayed for development east of I-29

Work begins at I-29 and Hwy. 92

Car shows set in Platte City

The TDD petitioned the Circuit Court of Platte County for approval to expand the boundaries and increase the sales tax. Aldermen approved a notice of no objection to the petition with a vote of 5-1.

According to city officials, Price Chopper is not in the TDD, but rather inside of a Community Improvement District (CID).

The TDD expansion will envelope several properties, including the Platte County Board of Elections and NW Audio, National Bank of Kansas City, Platte City-Airport Chrysler dealership, and a strip of shops along Platte Falls Road including El Maguey restaurant. The strip of shops that includes the China Wok restaurant and a nail salon is also included in the TDD.

Since being established in March of 2007, the TDD has funded improvements to Running Horse Road, Platte Falls Road, and Kentucky Avenue. The majority of the improvements were made between 2008 and 2010.

According to a staff report from D.J. Gehrt, city administrator, the maximum sales tax allowed within the TDD is one cent. The sales tax is currently at 7/8 cent and the increase will bring the tax to the maximum allowable.

The proposed boundary change and sales tax increase is anticipated to increase TDD annual revenue by around $10,000.

By the terms of the TDD agreement, 37% of TDD net revenue is used to fund payment of TDD Series B debt owned by the city.

While the sales tax will go up, the petition will not increase the property tax in the TDD. After the meeting Tony Paolillo, alderman, said he voted against the measure because of the tax increase.

“It’s a struggling TDD and an increase will put more on the backs of residents,” said Paolillo.

Paolillo said the developer had gone directly to the court to ask for the sales tax increase and border expansion and therefore the city did not have much say in the matter.

In the past the city has occasionally been at odds with Bill Mann, the main developer in the TDD.

The TDD was established in 2007 and sought funding for improvements in the district in 2008, but initial funding vanished at the last minute because of the economic downturn. The TDD scrambled to put together funding and eventually moved forward with improvements.

Sales tax generation for the TDD has also underperformed in the past with Platte City having to budget to cover any shortfalls on bonds which began in 2011.

According to a search of Missouri court records the TDD has petitioned the court in 2008 and 2013 to expand the borders of the district.

The notice of no objection was approved by the board of aldermen and will be sent to the circuit court.

Tags: electionsplatte cityplatte countytax incentivestaxes
Alan McArthur

Alan McArthur

Related Posts

45 Years Ago–January 27, 1978

by Ivan Foley
January 27, 2023
0

Miss Grace Ann McLain and Clifford Northern were united in marriage by the Rev. Lester Weeks at the First Christian Church in Platte City on Saturday evening, Jan. 21. The parents of the couple are Mr. and Mrs. Charles McLain...

30 Years Ago–January 23, 1993

by Ivan Foley
January 27, 2023
0

A preliminary budget calling for $7.9 million in general fund expenditures has been presented by Bob Griffith, county auditor and budget officer. General fund revenues for 1993 are expected to be the same as expenditures, $7.9 million. Last years budget...

15 Years Ago–January 23, 2008

by Ivan Foley
January 27, 2023
0

The Landmark exclusively can report a motion to terminate the employment of Keith Moody, longtime city administrator, was approved by a majority of the Platte City Board of Aldermen Tuesday night. The decision to fire Moody was made on a...

Rapid fire

Rapid fire

by Chris Kamler
January 27, 2023
0

Apparently, I've been working too hard because all I've done in two days of vacation have slept. Also, mediocrity is rewarded. My proof? Carl Cheffers has been named the head referee for the Super Bowl. I guess if you throw...

Next Post

County hires law firm for personnel matters

Popular News

  • East side Hwy. 92 will become four-lane stretch

    East side Hwy. 92 will become four-lane stretch

    17 shares
    Share 7 Tweet 4
  • Lawsuit claims toxic heavy metals in herbs and spices

    21 shares
    Share 8 Tweet 5
  • Southbound U.S. 169 to close for bridge project

    10 shares
    Share 4 Tweet 3
  • County getting ready to rearrange some chairs

    7 shares
    Share 3 Tweet 2
  • Nation’s oldest polar bear dies at KC Zoo

    6 shares
    Share 2 Tweet 2
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Pickem Terms and Conditions
Call us at 816-858-0363

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved

No Result
View All Result
  • Subscribe Online
  • Home
  • Local News
  • Opinion
  • Landmark Pickem
    • Login / Sign-up
    • Results by Week
    • The Leaderboard
    • Pickem Rules and Help
  • Landmark Live!
  • Looking Backward
  • es_MXSpanish

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved