There's always taking a little money and putting it into a fund until there's enough.grovester wrote:I'd like to hear options not including Chastain.
TDDs can issue bonds backed by its revenue sources. can't think of a reason why you'd want to issue more debt above and beyond those revenue sources (and if you COULD, not sure why you WOULD).grovester wrote:Perhaps some bonding authority outside the need for a public vote?
Years. Probably would need for another sales tax to sunset or be redirected. A citywide property tax for a project covering a tiny part of the city would fail hard.grovester wrote:Didn't imagine the tdd issuing more debt, maybe some other entity? Port Authority, public/private endeavour?
If matching funds are off the table what is the plan. City-wide tax without Chastain? How long does that take?
http://www.kansascity.com/news/politics ... 96418.htmlSeveral budget forces compel the city’s decision to seek approval for the series of bonds, Schulte said.
The city’s general budget, which now devotes 76 percent to police and fire, is “cut to the bone” for other services, he said.
Adding to the city’s sale tax is not an option, he said, because it needs to preserve sales tax room as a contingency if the city were to lose the ability to assess its 1 percent earnings tax.
we could carve out the KC project list from modot's amendment 7 (which passed in KC, but nowhere else) and put a multi-county TDD in front of voters that's just a sales tax (so it only requires a single election). a multi-county TDD has never been done, but neither had the form of the downtown streetcar TDD (voted on by residents with special assessments; the loop trolley TDD -- the only other streetcar TDD in missouri -- is only a sales tax).grovester wrote:Didn't imagine the tdd issuing more debt, maybe some other entity? Port Authority, public/private endeavour?
If matching funds are off the table what is the plan. City-wide tax without Chastain? How long does that take?
it exists, but would require a lot of extra effort.grovester wrote:Not seeing a clear path without fed funding, unless you're being intentionally vague.
I'd say it's very unlikely that federal funding goes away. Everyone in Congress likes to send a bit home, and this is an easy way to do it.grovester wrote:Ok, next question. What is the real politik regarding fed funding? Trump's blueprint not withstanding, any chance of some congressional support? A chance in 2 years or are we looking next presidential?
absolutely.beautyfromashes wrote:If the extension election would have happened earlier instead of being delayed by the council, would we have had a chance at getting matching federal funds approved before the new administration came in?
hindsight is 20-20beautyfromashes wrote:^^ So, if the federal funds don't come through, the council and mayor have to shoulder some of the responsibility by delaying the election? Those who agreed with the delay for the bond issue would also have some bland as well?
If the mayor and council did not delay the expansion vote because they knew Trump would become president, you might now be accusing them of Russian the election.beautyfromashes wrote:^^ So, if the federal funds don't come through, the council and mayor have to shoulder some of the responsibility by delaying the election? Those who agreed with the delay for the bond issue would also have some bland as well?
Yes, but there was so much noise about delaying the vote and that it could derail the extension due to politics, either Federal or local. KCP and myself talked about it in the Streetcar Opposition thread and we're mostly dismissed.flyingember wrote: hindsight is 20-20
Haha oh wow lololol I haven't heard THAT comparison before. Do you also think the streetcar is a BOONDOGGLE? Is it a TOY TRAIN? I you should pay yourself on the back for such staggering originality.hgascoigne wrote:https://youtube.com/watch?v=ZDOI0cq6GZM
