Tuesday, April 02, 2019
FACT CHECK: SURVEY SEYZ KANSAS CITY BIZ AND ECONOMY FALLING BEHIND!!!
A good, hard look at this town's financial situation as voters typically go to the ballot box to vote the interests of their wallet.
KC Economy: Kansas City’s Economy is Growing, but Not Keeping Pace with Peer Metros
"Let’s start with perhaps the ultimate indicator of a healthy, growing economy: Gross Domestic Product (GDP). GDP is the total value of all finished goods and services produced in an economy in one year. In 2017, Kansas City’s GDP was $131 billion (in current dollars). Among our 30 peers we rank 20th. We clearly have some work to do to meet our goal.
"The good news is we are growing. Between 2013 and 2017, the regional economy grew 6 percent in real (inflation-adjusted) dollars.
"The bad news is, we are not growing nearly fast enough to compete with our peers. Over the same period, our peer group saw GDP growth of 12 percent."
And so, this is the legacy of the current Mayor & Council despite so much hype about momentum.
You decide . . .