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How is the KC Streetcar Funded?



The downtown KC Streetcar operating budget is comprised mostly of funds collected within the TDD. Those revenues include:

  • A sales tax not to exceed 1 percent on sales within the TDD boundary
  • A special assessment on real estate within the TDD boundary, with maximum annual rates as follows:
    • 48¢ for each $100 of assessed value for commercial property ($1,536 for each $1 million of market value)
    • 70¢ for each $100 of assessed value for residential property ($266 for each $200,000 of market value)
    • $1.04 for each $100 of assessed value for property owned by the City (which would mean a total annual City payment of about $810,000)
    • 40¢ for each $100 of assessed value for real property exempt from property tax, such as religious, educational, charitable, etc. property, but only on market value more than $300,000 and less than $50 Million.
  • A supplemental special assessment on surface pay parking lots within the TDD boundary (not garages and not free parking lots). The maximum rate for the supplemental special assessment on surface pay parking lots will be $54.75 per space per year.