Tuesday, January 28, 2020
SHOCK!!! KANSAS CITY TAXPAYERS OWE NEARLY $10K TO BAIL OUT CITY HALL!!!
Kansas City residents confronting rising, deadly crime and worsening cultural war political divisions have another concern that threatens local wallets.
To wit . . .
KANSAS CITY STAYS LOSING FISCAL HEALTH REPORT AND BAD DEBT BURDENS EVERY COWTOWN TAXPAYER!!!
Whilst activists and developers often urge locals to ignore the bad economics of their schemes, this report offers VERIFIABLE DATA that reveals 12th & Oak falling short of financial obligations.
Our blog community has chronicled the structurally imbalanced budget for years and this report not only sharesindicates how the cash crunch applies to residents. Sadly this data might be dismissed by deadbeats who want KCMO to continue along a path to bankruptcy. We only hope the info proves sobering for more fiscally responsible souls who oppose the constant litany of giveaways and irresponsible spending.
TIA: Kansas City receives 'D' grade for fiscal health
"A new report on the financial condition of the 75 most populous cities ranks Kansas City no. 56 in the nation for fiscal health. The report is based on the cities' 2018 comprehensive annual financial reports, which are not analyzed on this scale by any other organization.
"The analysis by Truth in Accounting (TIA), a nonprofit government finance watchdog group, found Kansas City needs $1.6 billion to get out of the red, or $9,800.00 from each of its taxpayers.
"According to the watchdog's annual Financial State of the Cities report, Kansas City has $3 billion in bills and only $1.5 billion in available assets to pay those bills after capital and restricted assets are excluded. This results in a $1.6 billion shortfall, or a $9,800.00 Taxpayer Burden™, which is each taxpayer's share of the municipal debt after the city's available assets have been tapped."
Developing . . .