Money Generic 030820

(Photo Courtesy: MGN-online / Image: Pixabay)

KANSAS CITY, MO (KCTV) -- Kansas Citians have renewed the city's 1% earnings tax.

A healthy majority of voters agreed to renew the tax, which has been in place since 1963.

The tax applies to all Kansas City residents regardless of where they work, people who work within Kansas City limits but live elsewhere, and any businesses located in or doing business in Kansas City.

It's expected to generate $292.2 million for the 2020-2021 fiscal year and it makes up around 45 percent of the city's general fund revenue.

The general fund revenue is instrumental in funding public safety budgets.

The tax was last renewed in 2016 and is required to be renewed every five years, according to state law.

KCTV5.com is now with you on the go! Get the latest news updates and video, StormTrack5 weather forecast, weather radar, special investigative reports, sports headlines and much more from KCTV5 News. 

>> Click/tap here to download our free mobile app. <<


Copyright 2021 KCTV (Meredith Corp.) All rights reserved.

Locations

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.