Thursday, January 10, 2019

BAD COMPANY: KCMO & STL GOING BROKE

Our favorite number crunchers break down the fading financial fortunes of the biggest towns in Missouri that both confront increasing economic difficulty thanks to their governance or lack thereof . . .

Kansas City and St. Louis Increasingly in Debt

In June 2013, the Show-Me Institute published a paper comparing St. Louis and Kansas City's expenses with six peer cities. One of the expenditures compared was debt service per capita. For Missouri's two biggest cities, debt was high then and has only gotten higher since.

14 comments:

Anonymous said...

It's a race between KCMO and St. Louis to see which one becomes the second bankrupt city in the nation. KCMO made the top 6 in murders last year so they might as well improve that ranking on reaching bankruptcy.

Anonymous said...

"city leaders need to focus on long term financial sustainability and stop buying expensive municipal baubles on taxpayer credit"


LOL right no doubt they will leap at the opportunity to be financially accountable.

Anonymous said...

City Manager Praises Downtown Development Ripple Effect, Says Potential Ballpark Cost Now $800M
January 10, 2019

Hell why not waste taxpayer money that would otherwise go unwasted?

Anonymous said...

I'm sure another $250 million for a streetcar extension, a $4 billion airport, and some sort of "affordable" housing slush fund will help all this

Anonymous said...

Remember how everyone bought that Kander was "brave" dropping out due to made up PTSD. He saw how KC actually was and wanted no part of it even though he is an attention seeking dipship.

Everyone ran with his bullshit ptsd thing though

Anonymous said...

How many of those cities being compared to KC and St. Louis have an earnings tax? If the earnings tax is such a great thing, shouldn't we be in the best shape when compared with this group?

Anonymous said...

my credit rating is the only positive thing i got. for a drunk drug addicted whore that says a lot.

Anonymous said...

“The Cordish folks deserve a lot of credit proving the downtown market could support high end residential development. That was an unproven market.

“Everybody was saying you’ll never get more than a dollar per square foot…By golly, we’ve doubled the rents in downtown."

Anonymous said...

NO! Not broke?! You don't say?! See what happens when you hire city managers from - Iowa? (LMAO!) How about finally spending some money wisely and terminating the city manager WITH his golden parachute? Please! just go ahead and pay him to go away! And then hire a city manager who has previously managed a large city? Duh! What a concept. Thinking, working and hiring experts with a long resume of experience in OTHER cities and bring all that expertise to our fair city? Meh, that’s too smart. Never mind.

Anonymous said...

^^ #SolveKCsProblemsFireTroy

Anonymous said...

See what a couple of decades of giving away your Tax Revenues to Out-of-Town Real Estate Developers can do for you?

!! PROGRESS !! !! PROGRESS !! !! UNMITIGATED PROGRESS !!

Thank you Mayors Barnes and James, your legacies are written in stone for the foreseeable future!

Anonymous said...

Have The Star and KC TV stations reported in depth on this?

Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha,

Anonymous said...

Now that’s moving forward with momentum people! Albeit in the wrong direction! Hahahahaha!

Where’s gopher with his bullshit now!

Anonymous said...

Patrick Touhey floating in the Missouri River would send a strong message for 2020.