Unlike the City of Wichita, Sedgwick County has kept track of its tax exemptions.
Posts tagged as “Tax abatements”
If a newspaper is going to write a news story, it might as well take a moment to copy and paste information from a city council agenda packet. Especially when what is missing from the story is perhaps the most important information.
How much, if anything, do tax abatements cost?
Following the Wichita Mayor, the Chair of the Sedgwick County Commission speaks on economic development.
It's good news that Spirit AeroSystems is expanding in Wichita. Let's look at the cost.
Is it equitable for business firms to pay no sales tax, while low-income families pay sales tax on groceries?
The City of Wichita says it does not want to use cash incentives for economic development. But a proposal contains just that.
Action the Wichita City Council will consider next week makes one wonder: If downtown Wichita is so great, why does the city have to give away so much?
A downtown Wichita project receives a small benefit from the city, with no mention of the really big money.
The Wichita City Council approves economic development incentives, but citizens should not be proud of the discussion and deliberation.
Another Wichita company that paid to persuade you to vote for higher taxes now seeks to avoid paying those taxes.
Wichita's largest employer asks to avoid paying millions in taxes, which increases the cost of government for everyone else, including young companies struggling to break through.
Two economic development items on tap in Wichita this week illustrate failures or shortcomings of the regime.
Wichita considers three tax abatements, in one case forcing an "investment" on others that it itself would not accept.
When Kansas cities grant economic development incentives, they may also unilaterally take action that affects overlapping jurisdictions such as counties, school districts, and the state itself. The legislature should end this.
When considering whether to grant three property tax abatements, the Wichita city council is unlikely to ask this question: Why can't these companies expand if they have to pay the same taxes everyone else pays?
Can eliminating sales tax exemptions in Kansas generate a pot of gold?
Reporting by the Wichita Business Journal regarding economic development incentives in Wichita makes a big mistake in overlooking where the real money is.
In Sedgwick County, we see that once companies are accustomed to government entitlements, any reduction is met with resistance.
Wichita city leaders are proud to announce the end of cash incentives, but they were only a small portion of the total cost of incentives.