Tuesday, October 21, 2008

Kansas City Money Crunch!!!



KC Currents has a couple of great stories regarding broke ass Kansas City.

Check it:

  • Credit Crisis Delays Sewer Expansion

  • Financial Crisis has City Leaders Examining Budget: "Like local governments around the country, Kansas City relies on municipal bonds to finance major projects, like improvements to its water and sewer system. And with the current credit freeze, the city's waiting for a better market to issue 200 million dollars worth of water bonds." TKC completely agrees, admires the awesome reporting but sadly must be a bit of a jerk and note a previous post from this blog on the subject earlier this month: BAD MUNICIPAL BOND MARKET MEANS THAT KANSAS CITY DOESN'T HAVE THE CASH FOR LIGHT RAIL!!!

    Nevertheless, KC Currents always has great stuff and provides some of the most insightful of any news outlet in this cowtown.
  • 3 Comments:

    Anonymous said...

    Two political candidates were having a hot debate. Finally, one of them jumped up and yelled at the other, "What about the powerful interest that controls you?" And the other guy screamed back, "You leave my wife out of this!"

    Anonymous said...

    We can have sewer repairs. (six billion dollars worth) We can have all that we want and need. We can have light rail. You tell councilman Rus Johnson. You tell them so. And explaine how we will handle the looming pension crisis. And explaine the tax increases you will need the voters to pass. And tell why the monthly water and sewer bill will be going up by 400 to 500 percent.

    I am sure Mayor Funkhouser and his wife will back you on this.

    Anonymous said...

    Please ask Russ why the Neighborhood funds are frozen. Some of the people need to get paid. Does the city have the money?
    Come on Russ you can't use our neighborhood money to build light rail.