Sunday, June 28, 2020

Debt Burden Crushing Kansas City

Great write-up but WAY TOO WORDY on a problem that we've seen explained over and over for years . . .

KANSAS CITY GIVES AWAY TOO MANY CORPORATE WELFARE & SOCIAL JUSTICE FREEBIES WHILST CONSISTENTLY NEGLECTING INFRASTRUCTURE!!!

The financial decisions of this town have always been politically motivated and now the pandemic and economic hardship have created a perfect storm of financial consequences confronting this cowtown.

Read more:

Worse than Great Recession? Pandemic may force Kansas City to change expensive ways

No city will escape the economic pain of the coronavirus, but Kansas City may be in worse shape than most. A recent study by the Brookings Institution ranked Kansas City, the only local municipality with an income tax, among the nation's top 20 cities that will feel the most immediate fiscal impacts from COVID-19.

23 comments:

Anonymous said...

Better title:

Detroit. Here we come!

Anonymous said...

Like every other big city run for decades by Dems kc is now a Blackhole in every sense of the term.

Anonymous said...

With its outrageous sales tax and earnings tax rates; Kansas City government should be as rich as Overland Park or Leawood.

This is what happens when the Democrat Party is in charge of major cities.

Fraud and corruption destroy the city.

Kansas City >>>> Detroit City

Anonymous said...

Thank you Mayor Lucas for bankrupting Kansas City with your 10-10-10 shutdown and riots.

This is what happens when a radical College Professor assumes control of government.

College Professors are Marxist idiots.

Anonymous said...

You fools keep electing Democrats. I laugh at your ruin!

Anonymous said...

Then why not publish where all the money went?

Hyperblogal said...

The mess we're in now all started with the "wonderful" Power And Light deal with the whole project would be paid for by revenue generated on site.... yeah, right. What's the city's lug this year $25 million?

Anonymous said...

Don't forget the SLie James Debt Bomb still ticking away.

Anonymous said...

City Officials and Frank White can team up over the next year and mug the taxpayers so they alone can continue to enjoy the lifestyle they've become accustomed to.

Anonymous said...

Let's just force taxpayers to pay for the necessities of life like a toy train extension (free!) and half a billion in bike lanes a couple dozen people may use. Oh and hotel bravo so we can attract the Mercedes Audience.

Anonymous said...

"City officials were blindsided to learn in February that the city would have to dip into its general fund to support the Loews Convention Hotel downtown. As part of an incentive package in 2015, the city agreed to pay for certain catering contracts from revenues from a hotel-motel tax. But those revenues fell short, leaving the city on the hook to make up the $4.4 million difference."

ONLY city officials were blindsided. The rest of us called it years ago. It's obvious (and was obvious then) that the hotel wouldn't come anywhere near the rosy projections. It was so obvious, in fact, that the city had to get creative with their largess and agreed to things like exclusive service contracts and guaranteed minimum payments. If the Feds really want to nail a few asses to the wall, start with Mike Burke and his promise to Sly to not run for mayor as long as the money flowed to his project.

Anonymous said...

Need more free-er welfare...let's pay ppl to ride the bus, toy train, visit 18th n vine and a free meal at Jone's bbq.

I wonder how reparations are gonna affect the kcmo budget.

Anonymous said...

It never ends. A few months ago, and after the likely effects of the pandemic on city finances became obvious, the city agreed to cough up $36m for a parking garage for the new Strata office tower... that much, for PRIVATE parking in a PRIVATE project catering to OFFICE tenants during what many think will be a permanent change in where white-collar employees work.

Just this month, Whitney Kerr came back to the city AGAIN to try for incentives for his proposed crossroads hotel, an ask that has a chance of succeeding this time, for ANOTHER hotel when the city is basically paying all the bills for the last one they guaranteed and in an environment where tourism and convention traffic make take years to recover, if it ever does.

Anonymous said...

"I wonder how reparations are gonna affect the kcmo budget."

A whole hell of a lot less than decades of corporate wefare has.

Anonymous said...

There was a time when all governments were responsible with debt. I remember a speech by JFK where he was saying the federal budget deficit would be a few billion dollars. When Nixon didn’t spend three billion because he said it was t needed, Congress took him the Supreme Court that ruled that he must spend it
After that there hasn’t been any intention of fiscal responsibility at any level
But people can still vote with their feet

Anonymous said...



NO...This is due to your leadership. KC was struggling way before the virus. And don't forget it was the democrats who wanted to shut down the economy and then put the sick people in nursing homes to infect others. Deal with it KC you voted for it.

Anonymous said...

Residents of KCMO might want to start by electing some municipal candidates who have at least a little appreciation and understanding of the responsibilities of city government or at least are somewhat interested in it.
Instead there's an endless parade, year after year, of celebrity politico wannabees, who are working to move on up in the Democratic Party and build their "careers" as politicians.
If you try to discuss issues like public safety, infrastructure, tax rates, utilities, or any of the other basics that city governments are actually responsible for, you get the deer-in-the-headlights stare and absolutely no understanding of what you're talking about.
As long as there are empty vessels sitting in offices at 12th and Oak waiting for someone to tell them what to do, nothing is going to change.
The dire financial situation of KCMO is only the beginning.
Lots of really bad things are about to follow.

Anonymous said...

Taxes are going to go up in KCMO.

Defections to the 'burbs will follow.

Retro ROCKER said...

Great Comments. Years ago a City in New England went Bankrupt the Same mismanagement Bridge Port Connecticut.IT Become a ghost town. No tax revenue. Visitors stayed in nearby Towns. It will take 50 years for Kansas City to get out of Debt.

Anonymous said...

As soon as I got my stimulus Check, I ordered the newest Apple I phone. I love it.

Anonymous said...

They are always whining that black neighborhoods are fucked up because of racism, and that the Government needs to invest money in their neighborhood. Who wants to invest money in a neighborhood, knowing that the next time a black man dies at the hands of a white person, a thousand miles away, the business you invested in, will get burned to the ground. Insurance companies know this as well.

Anonymous said...

If the "local control" issue for the police gets put on the November ballot, just remember before you vote that a "yes" vote will be in favor of handing over management and operation of the KCPD to the same people who have given residents this kind of financial "management, the horrendous condition of the streets and sidewalks, $100/month water bills, ever-increasing sale taxes and so much more.
The local vote is only advisory as the Missouri legislature will get the final say.
But how anyone can imagine that the clowns at 12th and Oak have "earned" the public's trust necessary to entrust them with the safety of the community is hard to imagine.

Anonymous said...

Holy shit, there's still septic tanks in the city? It's time to shoot the mafia.