What is an earnings tax?
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Kansas City voters on Tuesday overwhelmingly approved renewing the city’s 1% earnings tax. The tax is Kansas City’s single largest revenue source: It brings in about $373 million annually, which makes up about 45% of the city’s general fund. A failed vote would have forced Kansas City to look elsewhere to make up that revenue or institute significant budget cuts. With all precincts reporting, more than 75% of voters in the April 7 election approved the measure. Caption from article by Savannah Hawley-Bates, KCUR. Today is #LocalNewsDay — a national day of action to support the local news that keeps communities informed, connected, and strong.
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