Welcome’s report suggests almost $23 million in annual funding directed toward Shawnee Mission schools would be eliminated under the “dark store theory” approach, $14,312,265 in revenue collected under local option budget taxes approved by district voters, and $8,503,262 million in school funding collected under the state tax system.

Cities with large commercial property bases, namely Overland Park, Lenexa and Olathe, would also see millions in funding disappear.

It’s worth noting that “dark store theory” is just one of the alternate valuation approaches being considered by state government officials for future use. County Chair Ed Eilert gave an update to the Shawnee Mission Board of Education focusing more on the “hypothetical lease rate” approach, which may reduce commercial valuations by a smaller amount than “dark store theory,” but would still sap tens of millions from local agencies.

Welcome’s report analyzing the impact of the implementation of “dark store theory” commercial valuation in Johnson County is below:

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