Once again the threat of local bankruptcy becomes a very real possibility as the economic health of Kansas City continues to suffer amid the pandemic.
To wit and as the local coronavirus crackdown on small biz persists in the name of public health . . .
WATCHDOGS SHARE REPORT ON COVID IMPACT THAT DEPICTS KANSAS CITY NEAR FINANCIAL OBLIVION!!!
Check-it . . .
The analysis by Truth in Accounting (TIA), a nonprofit government finance watchdog group, found Kansas City, MO needed $1.7 billion to get out of the red, or $11,300 from each of its taxpayers.
According to the watchdog's annual Financial State of the Cities report, Kansas City, MO owed $3.1 billion and only had $1.4 billion to pay those bills after capital and restricted assets are excluded. This resulted in an $1.7 billion shortfall, or a $11,300 Taxpayer Burden™, which is each taxpayer's share of the municipal debt after the city's available assets have been tapped.
Developing . . .