Reining In Tax Breaks For Developers

In Kansas City, Missouri, voters just elected their former city auditor as their new mayor. One of the unlikely campaign issues: the use of tax increment financing for developers.

Mark Funkhouser, Kansas City's auditor for 18 years, will now be the city's mayor for the next four years. He narrowly won over a two-term city councilman and mayor pro tem who has devoted his life to public service. Funkhouser's grassroots campaign didn't use a professional manager and spent half as much as his opponent's professionally-run campaign.

"The top issue in the contest between Funkhouser and Brooks, oddly enough, involved a complex and esoteric economic development incentive called tax increment financing. Few might have guessed that a debate over TIF would grab the public's attention. But at its heart, TIF was about equity and who controls city government - developers winning tax breaks or city officials."

Full Story: Funkhouser wins mayor's race

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