Friday, February 24, 2017

TKC EXCLUSIVE AND BREAKING NEWS!!! FEAR CONSEQUENCES OF KANSAS CITY NEGATIVE CREDIT WATCH!!!



Right now, check more EXCLUSIVE and KICK-ASS insight from an AWESOME TKC READER on a controversy that threatens to bring Kansas City to the brink of financial oblivion.

Checkit . . .


TKC READER: The 800-million April Bond Scam Continues

We're told that the upcoming GO bond is desperately needed to fund projects because the City has such a tight budget.

Tony's Kansas City is the ONLY place that called BS on this, and again, WE ARE THE ONLY ONES that see this for what it really is. A MONEY GRAB by our Mayor, Lying-Sly James.

Need more proof?

The nation's most respected bond rating agency, Moody's Investor Services, sent a warning shot across Sly's sinking ship. They put the City on NEGATIVE CREDIT WATCH.

This is a threat to LOWER THE CITY'S CREDIT RATING. It's like telling the City, your current actions are NOT prudent and you better slow down before you make a costly mistake.

NEARLY every City, State or other municipal government, that has had their credit turned to JUNK, have received a credit warning EXACTLY like this before things blew up.



Detroit, Chicago, and all the other poorly run cities across our nation that have gone belly up, have first been warned with a NEGATIVE CREDIT WATCH warning.

Here is what the report said:

"The negative outlook reflects the growth of the city's pension obligation and, when coupled with the elevated debt burden, the increase of fixed costs outpacing revenue growth."

Here's a bit of a surprise.

This current rating was performed at the request of the city because they are borrowing through Special Obligation Bonds scheduled to be sold this month.



The City is borrowing, WITHOUT a vote of the people, $153,645,000.00

Of that HUNDRED AND FIFTY MILLION, 31-million is taxable. Which means the city would only issue taxable bonds for non-government entities. If you're thinking that sounds like your tax-dollars supporting non-essential projects (or private business gifts) you would be correct.

Perhaps that 31,000,000 could go to curb-streets-and sidewalks and not some private entity.

So the city says there is a budget crunch that taxpayers need to cover it with an $800,000,000 GO bond RAISING EVERYONE'S TAXES ON EVERYTHING.

At the same, and NEARLY in the same breath, the City sells 150-MILLION special obligation bonds paid for with extra funds (those are your tax dollars by the way).

Remember, last year they sold more than 300-million special obligation bonds, again, paid for with your extra tax dollars and not a new tax increase.

That's $450,000,000 in roughly 12 months, all supported with EXTRA MONEY the City seems to have lying around for everything EXCEPT basic infrastructure projects.

Could not some of the $450,000,000 issued over the last year be used to fill some pot-holes and fix a few sidewalks, since it's entirely supported with extra tax-dollars the city seems to find when it wants something voters won't approve?
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29 Comments:

Anonymous said...

Here's a better post title for you TKC.

This is how Kansas City went bankrupt.

Because that's exactly what's happening.

Greedo said...

The debt wouldn't be so bad if the crime wasn't also increasing too.

Anonymous said...

Welcome to Sly city.

Anonymous said...

Sly won't get anything done. He cant do anything but watch the murder rate go up. Thinking Sly will get anything done is about as ridiculous as a carload of queers getting pulled over for doing a 69 in a 55.

Sly loves the media like a tick on Dracula.

Kansas will build Johnson County International Airport because Sly pissed off Trump. Trump was as pissed off as a fly on a toilet seat.

KCI won't be a single terminal and old Sly and the editorial board will be as frustrated as a leg-less Ethiopian watching a donut roll down a hill.

And old haggard looking Claire McCaskill can't get it done. She will about as useless as a yoyo being owned by a midget.

Wait until Sly raises water rates so high it will be cheaper to bathe in Perrier than turn on a faucet in KC.

Anonymous said...

Fuck Sly. What I want to see is MORE Gov. Greitens, a GOD-FEARING REPUBLICAN, flying to Las Vegas on private corporate jets. THAT, my friend, is the kind of government we and this blog can all get behind.

Anonymous said...

That's a whole lot of money. If the guy wants a statue for progressive government, I can get him one, but people should be angry about this.

Anonymous said...

This new technique is cute, but you're still Mayor Bullhorn's shoeshine boy. Good try!:)

Anonymous said...

"Could not some of the $450,000,000 issued over the last year be used to fill some pot-holes and fix a few sidewalks"

Not legally, no, which demonstrates how little you really know about the process.

Another trademark TKC fact-free analysis!!!

Anonymous said...

My Bullhorn for Greitens is thicker, harder and meaner than the Alaskan Pipeline and carries more spew! Sly is a crook! AMEN!!!

Anonymous said...

Mayor Bullhorn likes an array of appetizers loaded with fat, salt, and gravy.

Fetch!

Anonymous said...

I have come to the conclusion that all Mayor Bullhorn can do is talk loud and lie.

Anonymous said...

"They have no sources, they just make them up when there are none," Trump told the at-capacity CPAC crowd who cheered him in agreement. "They shouldn't be allowed to use sources unless they use somebody's name. Let their name be put out there."

Does Tony agree or disagree with his boy Trump?

Bob said...

From Moody's announcement: The negative outlook reflects the growth of the city's pension obligation and, when coupled with the elevated debt burden, the increase of fixed costs outpacing revenue growth. Continued leveraging of the tax base or unabated expansion of the pension obligation will place downward pressure on the rating.

Anonymous said...

They have no sources, they just make them up when there are none

Wow another motto for TKC! Awesome!

Anonymous said...

are things really that bad?

well, i just looked at the peer group data for other cities on the web site of the show-me institute. such a comarison helps give perspective.

and, yes, kansas city does look pretty weak among its peers.

Anonymous said...

Did Mayor Bullhorn at least tip you for making his shoes look like mirrors?

Fun times. Anyway. this motto would be perfect for City Hall! Awesome!

Now go get your fucking shinebox. Your masters await.

Anonymous said...

Maybe old haggard-looking Carwash Cleaver can help. He knows a thing or two about bankruptcy.

Anonymous said...

Sly won't get anything done. He cant do anything but watch the murder rate go up. Thinking Sly will get anything done is about as ridiculous as a carload of queers getting pulled over for doing a 69 in a 55.

Sly loves the media like a tick on Dracula.

Kansas will build Johnson County International Airport because Sly pissed off Trump. Sly should leave as fast as a pissed off fly on a toilet seat.

KCI won't be a single terminal and old Sly and the editorial board will be as frustrated as a leg-less Ethiopian watching a donut roll down a hill.

And old haggard looking Claire McCaskill can't get it done. She will about as useless as a yoyo being owned by a midget.

Wait until Sly raises water rates so high it will be cheaper to bathe in Perrier than turn on a faucet in KC.

Anonymous said...

Ow that there is funny! Glazer would be proud.

Anonymous said...

Just keep them developers and corporations happy with tax cuts and abatement's. How many were approved this week? More then you care to know about.

Super Dave said...

Remember when life in Kansas City was wonderful and exciting?

Anonymous said...

You like stupid analogies like a nigger loves fried chicken.

Anonymous said...

Anonymous Anonymous said...2/24/17, 2:34 PM wrote:

"Could not some of the $450,000,000 issued over the last year be used to fill some pot-holes and fix a few sidewalks"

Not legally, no, which demonstrates how little you really know about the process."

Anonymous... you are WRONG. TKC has it correct again. ... The city may use SPECIAL OBLIGATION BOND money LEGALLY for ANYTHING. The 300,000,000 last year used about 10% for streets... so pull your head out before you open your mouth or you will, again, find stupid-ass-shit in your mouth.

Anonymous said...

DEAR MORONS saying TKC has made this up... here are your sources.

Here is the source for the ratings....
https://www.moodys.com/research/Moodys-Revises-Kansas-Citys-MO-Outlook-to-Negative-Aa2-GO--PR_903854129#

Want more information on their special obligation bonds or any other debt questions go to:
http://emma.msrb.org/IssuerView/IssuerDetails.aspx?cusip=485106

More than enough to let you understand KC is a sinking ship

Anonymous said...

Of course he didn't make it up.

But misinterpret it? Hoo Nelly. Tony misinterprets things the way a hog eats butter, yes sir.

Anonymous said...

No problem with spending and borrowing without a care in the world.
By the time all the accumulated debt overwhelms the city's general fund, Sly will be long gone and living large with a cushy job with one of the big corporations that have made out really well during his administration or in a corner office at a big law firm.
The firm will probably even have a really great bankruptcy practice.
What a coincidence!
Frosty.

Anonymous said...

6:51: Ummmm. Does a hog actually eat butter?

Anonymous said...

I imagine so. Hmm. Where's Mayor Bullhorn eating today?

Anonymous said...

I imagine so. Hmm. Where's Mayor Bullhorn eating today?