All articles tagged with #sales tax
Originally Published 1 year ago — by AL.com
New York Governor Kathy Hochul has proposed a one-time 'inflation refund' payment of $300 for individuals earning under $150,000 and $500 for families earning under $300,000, funded by excess sales tax revenue. The proposal, aimed at alleviating the high cost of living, will be considered by the legislature in January, with potential payments starting in fall 2025.
Originally Published 1 year ago — by KOMO News
Illinois consumers may need to swipe their credit cards twice—once for the purchase and once for the sales tax—if Gov. J.B. Pritzker signs a new budget and revenue package. This change, aimed at capping the fees financial institutions can charge on sales tax transactions, has sparked concerns about implementation challenges and potential fraud. Retailers support the measure for the financial relief it offers, while critics argue it complicates payment processing.
Originally Published 1 year ago — by ESPN
After a sales tax measure to fund renovations for Arrowhead Stadium, home of the Kansas City Chiefs, was rejected by Jackson County, Missouri residents, leaving the stadium's future uncertain, Dallas Mayor Eric Johnson pitched the idea of the Chiefs returning to Dallas, citing the city's large market and love for football. Johnson believes Dallas can support two NFL teams and referenced the franchise's roots as the Dallas Texans before moving to Kansas City in 1963.
Originally Published 1 year ago — by cleveland.com
Voters in the Kansas City metro area rejected a sales tax that would have provided $500 million to the Kansas City Chiefs and Royals, with the "no" side winning 58% of the vote despite being significantly outspent. This decision reflects a trend of reluctance among voters to subsidize professional sports teams with public funds.
Originally Published 1 year ago — by New York Post
Residents of Jackson County, Missouri, rejected a sales tax measure that would have funded a new downtown ballpark for the Royals and major renovations to Arrowhead Stadium for the Chiefs, throwing the future of both teams in Kansas City into uncertainty. The Royals and Chiefs had pledged significant private investments, but the tax measure was ultimately rejected by over 58% of voters. The teams may now consider alternative funding approaches, including potential offers from other cities and states, as their current lease at Truman Sports Complex lasts through 2031.
Originally Published 1 year ago — by The Athletic
Voters in Jackson County, Missouri, rejected a ballot initiative to extend a sales tax, which would have funded a new downtown stadium for the Kansas City Royals and renovations to Arrowhead Stadium for the Kansas City Chiefs. The teams expressed disappointment at the overwhelming margin of the vote, raising questions about their future in Kansas City. Both teams had committed to staying in the Truman Sports Complex until 2031, but the rejection of the sales tax extension has left their long-term plans uncertain.
Originally Published 1 year ago — by NBC Sports
Jackson County voters rejected a sales tax to fund renovations for Arrowhead Stadium and a new stadium for the Royals, leaving the future of the Chiefs in doubt. Kansas City Mayor Quinton Lucas expressed disappointment but aims to work with the teams for a collaborative process. Chiefs team president Mark Donovan acknowledged the decision and expressed disappointment, while also emphasizing the team's commitment to their fans and organization as they move forward.
Originally Published 1 year ago — by NBC Sports
The Chiefs and Royals have warned that if the upcoming vote to extend a sales tax for their benefit fails, they will consider other options for where they will play in 2031. In a letter to the Jackson County Legislature, they criticized County Executive Frank White for delaying stadium construction/renovation deals and vetoing the ballot measure. The letter also highlighted the economic benefits the teams bring to the county, but it remains uncertain whether the broader community will support the tax extension.
Originally Published 1 year ago — by NBC Sports
The Kansas City Chiefs and the Kansas City Royals have pledged $266 million in "Community Benefits Agreements" to Jackson County, Missouri, contingent on the extension of a sales tax through a vote on April 2. Critics view this as a form of bribery, arguing that not extending the tax would benefit the county more than the promised funds. The teams' tactics, including threats of relocation and promises of free money, may further galvanize opposition to the tax extension.
Originally Published 1 year ago — by The Kansas City Beacon
Jackson County voters will decide on extending a sales tax to fund a new downtown Kansas City Royals stadium, but the proposed tax won't cover the full cost, leaving a $700 million funding gap. The team is in talks with city officials and Missouri Gov. Mike Parson to fill the gap with taxpayer dollars. However, details of the project's financing won't be made public until after the vote. If approved, the sales tax extension would generate over $2 billion, with the Royals receiving $1 billion for the new stadium, but that would only cover a third of the costs. The lack of financial details has raised concerns, and Missouri will not finalize any financial commitment until after the vote.
Originally Published 1 year ago — by KMBC Kansas City
The Kansas City Chiefs have unveiled plans for renovations to Arrowhead Stadium, including a new activation zone, upper concourse canopy, and larger video boards. These renovations are contingent on Jackson County voters approving an extension of the 3/8-cent sales tax, which would also fund a new baseball stadium for the Kansas City Royals. The teams have pledged to remain in Jackson County if the tax is approved, but face opposition from a political committee. The proposed renovations aim to enhance the fan experience and secure the future of both teams in the region.
Originally Published 1 year ago — by WDAF FOX4 Kansas City
The Kansas City Royals have chosen the Crossroads District as the location for their proposed $2 billion ballpark district, releasing new renderings for the project. The district would include a new downtown baseball park, team offices, a conference center, corporate offices, a hotel, and residential and entertainment venues. The team hopes to open the new ballpark in April 2028 and plans to use revenue from a 3/8th-cent sales tax, which Jackson County residents will vote on in April, to help fund the project. The Chiefs also plan to renovate Arrowhead Stadium, and both teams are campaigning for the sales tax ballot question. County Executive Frank White has called for more clarity and transparency before the April election.
Originally Published 1 year ago — by KMBC Kansas City
The Kansas City Royals will announce the location of their new ballpark site in Jackson County on Tuesday afternoon at Kauffman Stadium. Royals owner John Sherman and other team officials will discuss details about the downtown ballpark and entertainment district site, including economic data, progress toward a lease and community benefits agreement, and renderings. The team has been considering three potential sites, and the decision will depend on voters extending the 3-eighth cent sales tax, which will be on the April second ballot.
Originally Published 2 years ago — by KMBC Kansas City
The Jackson County Legislature has overturned executive Frank White's veto, allowing a special election on April 2 for voters to decide on renewing a sales tax to fund stadiums for the Kansas City Royals and Kansas City Chiefs. The extension of the 3/8th-cent sales tax would generate $2 billion and includes terms for new lease agreements with the teams. Despite initial opposition, legislators Jalen Anderson and Sean Smith voted to override the veto, emphasizing the importance of negotiating a fair deal and promoting opportunities for workers. The Chiefs and Royals issued a joint statement expressing gratitude for the decision, while Mayor Quinton Lucas looks forward to building a positive future for professional sports and entertainment in Kansas City.
Originally Published 2 years ago — by KCTV 5
Jackson County legislators plan to override county executive Frank White's veto of a measure to put a 3/8-cent sales tax extension for funding the stadiums of the Chiefs and Royals on the April ballot, despite White's concerns about the lack of clarity on the teams' commitments and contributions to the county. The override would give those opposing the veto a 7-2 advantage, potentially allowing the measure to proceed to a vote.