Wednesday, March 18, 2020
TKC EXCLUSIVE!!! KANSAS CITY EPIC $1.7 BILLION BUDGET FAILS TO PLAN FOR LONG TERM IMPACT OF CORONAVIRUS!!!
This morning we warned about the sketchy budget process currently underway and now it's terrifying news fact that speaks to a stunning dearth of local government accountability and a basic misunderstanding of the current global economy.
Even the MSM seems puzzled as a Kansas City Council committee on Wednesday advanced a $1.7 billion city budget in a chaotic, difficult-to-follow meeting in which most of the committee was not physically present.
More importantly and as a public service . . .
SPECIAL THANKS TO AN ECONOMIC INSIDER FOR AN IMPORTANT WARNING AGAINST THE KANSAS CITY 2020 BUDGET FAIL TO ACCOUNT FOR COVID-19 EFFECTS!!!
Here's the word as the city's greatest guiding document is mostly predicated on fantasy . . .
"I watched a surreal Finance Committee meeting today pass a budget starting May 1,2020 for the City. This budget was passed with no recognition or discussion that the world/nation/city economic outlook is completely different from when the budget process started.
"Does everyone on the city council and Mayor really believe that they will have the projected tax revenue that is in the budget?"
Finance Chairwoman Katheryn Shields the only member of the Finance Committee that could attend (Mayor Lucas appointed himself to the committee) assured everyone that the public had many opportunities to provide input but no public testimony would be taken today. Was the Chairwoman concerned someone would ask the million dollar question -- Where is all this tax revenue going to come from to fund the City? The Mayor and City Council should be the first forgo their pay for the month of May to recognize the challenges that many citizens are facing now and the next months."
Developing . . .