Kansas City historically had provided substantial incentives to encourage economic development, job creation, housing and business retention. However, the City's concerns about the potential impacts of incentives, revenue diversions and tax abatements on the City's budget and services prompted a study of its incentive policies.
EPS, as part of a consulting team, worked with City staff to develop a fiscal model to evaluate the short and long-term fiscal and economic effects of incentives, abatements, and debt service guarantees and to propose alternative policies.