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 . . .

26 comments:

Anonymous said...

He's budget has been a fantasy for years but this time around it might be worse.

Ulis said...

^^^ when the economy recovers this statement and this post will seem silly. Markets go up down. This isn't the time for panic.

KC Voter said...

^^^
^^^

Who is panicking? It's called PLANNING. The current budget is based on market conditions that no longer exist but they pushed it through anyway. You don't see a problem with that? It's irresponsible to not even take a week to study the current economic conditions and adjust priorities. This is how cities go bankrupt. Just expecting money to fall out of the sky. That's INSANE. I expected more from our elected leaders but apparently they don't care about the voters or how this country has changed in the past few weeks.

Anonymous said...

You shouldn't always expect the best case. Sometimes it better to be realistic. Markets will recover but tax revenue that is lost will most likely not be made up.

Anonymous said...

Shields is the original psycho bitch from hell, she shouldn’t be in charge of scooping poop. She is the devil.

Retro ROCKER said...

DO THE RESEARCH A NEW WORLD ORDER IS IN AFFECT. GOOGLE IT.

Anonymous said...

I would say that KC is the next Detroit but I hear that city is actually making a comeback.

Anonymous said...

^^Best get your hearing aid checked.

Anonymous said...

They are counting on Gail Beatty to emerge in 2021 and fuck over everyone with massive property tax hikes again.

Anonymous said...

If they hadn't spent it on that streetcar...

Anonymous said...

You can be sure they covered their own asses first.

Anonymous said...

They need to tell Aunt Jan to quit cooking the books on her properties and pay up like everyone else.

Anonymous said...

KCMO government really doesn't have a budget.
That is, there isn't an actual document that is well thought-out, sets priorities, and funds them accordingly.
KCMO has an ad hoc "system" in which all the discretionary tax money is put into a big pot and is then doled out willy nilly during the year depending on which consultants, urban planners, campaign contributors, developers, grifters, and other 12th and Oak hangers-on can come up with either under-the-table insider deals or 7 votes.
That's why you end up with arts exhibits, millions disappearing into thin air to developers, 18th and Vine, THE streetcar, empty new hotels, and an endless stream of harebrained ideas like bicycle lanes.
And terrible streets, high crime, outrageous water bills, lack of rental property oversight, and all the rest of the ills that plague the city.
It never changes.
Sad.

Anonymous said...

7:46 your hearing is fine. 8:00 Get your brain checked. Detroit is rocking after its problems.

Anonymous said...

At least less people will be going to church to get brainwashed.

Anonymous said...

The Finance Committee meeting today was bizarre. Lucas and Shields were elbow to elbow... where’s the “social distancing?” The budget guy was standing across the table leaning in to share their microphone. Hope they’re all healthy. Shields is over 70, in the high-risk population. Their behavior didn’t look very smart.

Anonymous said...

If people in KC want to point at a villain we need to buy mirrors.

Anonymous said...

Very mature boomer not panic:
DON'T PANIC!! STOP PANICING!! AAAAAABHHHGGGGGG ANY UNDERSTANDING THAT SOCIETY CHANGES IS PANIC!!! STOP PANICING!!

Anonymous said...

@8:32pm
Pretty good description of the budget "process" in KCMO.
And don't forget that after all the cash is given away, Lucas and the gang can always fake a bond issue to borrow even more.
Kick the can down the road.
But this current crisis might bring the end of the road much closer real fast.
Frosty!

Anonymous said...

Was overbuilding the road net one of the hairbrained ideas? I sure hope we need and can maintain all the roads and highways, if not it's a far far more expensive hairbrained idea than the ones you DON'T like.

Anonymous said...

Gotta keep money coming for that hotel!

Anonymous said...

Open more bars and get that NBA team and that will fix everything. Build a few more hotels and a downtown stadium.

Anonymous said...

Where's billy Tammus to tell us what gawd thinks about all this?

Anonymous said...

^^^ LOL. Good one.

This one is a worst budget I've seen from KC since they stole all of that money for the streetcar.

Anonymous said...

More bike lanes!

I am Joe Biden and I forgot this message.

Anonymous said...

Why is the mayor trying to rush the budget through.