Tuesday, January 26, 2021

KANSAS CITY BUDGET SHORTFALL BLOWS UP TO $1.7 BILLION AMID COVID!!!

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 . . .

Kansas City, MO Earns 'D' Rating For Fiscal Health

Deets:

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 . . .

40 comments:

Anonymous said...

There goes that stimulus check.

Damn.

Prep now said...

Don't worry, the currency is going to so devalued that we can probably make a trade to cover it all. By 2024 a couple of chickens and roll of toilet paper should cover it.

Anonymous said...

Well that's what happens when you close and punish businesses for no reason but yet suck up to the NFL. Go get some money from them see how far that gets ya.

Super Dave said...

See what happens when you give away the farm?

Anonymous said...

Former Mayor Sly James, Mike Burke, Greater Kansas City Chamber of Commerce, Civic Council, Downtown Council and VistKC will be presenting a detailed plan on how to solve this temporary shortfall.

Anonymous said...

Shut it down. Dissolve into surrounding Cities or Counties and close the doors at City Hall.

Anonymous said...

The best way is to pander to people who don't work or pay taxes and tell all those people who do pay taxes that they are jerks.

Anonymous said...

Better title: Quinton broke KC.

Anonymous said...

Thanks for all the useless TIFs, CIDs, and corporate welfare you god-damned idiots!

Anonymous said...

These problems can be solved, just not by the current leaders

Anonymous said...

Not to worry Biden will bail us out with newly minted tax dollars. Turn on those printing presses! Our grandkids will pay the bill someday,

Anonymous said...

10:47 killer kc doesn’t have any leaders.

Anonymous said...

He wasn't the only one Sly James shares a lot of the responsibility

Anonymous said...

No problamo, jut raise property taxes.

Anonymous said...

The second 9:41 actually has a good idea there.

Anonymous said...

Buy gold while you still can.

Anonymous said...

^^^ Gold is not a good investment. Diversify in the market and you'll be money. The collapse or whatever you think is not going to happen.

Byron Funkhouser said...

Give us your tired, your sick, your poor. We'll take care of them. We are Super Liberals! Nicaragua? No problemo! Colombian? C'mon, man! Mexican? Muy Bueno! KC welcomes your diversity (you do have some good food), your germs, your poverty. We have plenty to go around for everyone. You know who will suffer? The poor of Kansas City who voted for Quinton and other liberals. Their leaders welcome the immigrants with open arms, to the detriment of the very constituency that voted them in office. But...But...Liberals!

^^ said...

Have the fat reverends get a loan from BLM. They have lots of money.

Anonymous said...

Way to go Quentin. This is on you.

Byron Funkhouser said...

12:56, use your own name, asshole.

Blaming immigrants is just ignorant.

Farmers & big tech beg for more migrant workers,

Byron Funkhouser said...

If the four richest men in America would give back the money they took during the pandemic, they could pay for Biden's 1.9 trillion dollar Covid relief bill, all by themselves & still be billionaires.

I am not exaggerating.

But, let's not blame the rich thieves, let's blame the poor.

Anonymous said...

Q thinks d is for dick!

Byron Funkhouser said...

AND BY THE RICH THEIVES i DO MEAN THE LYING DEMOCRATS WHO CONTROL THE MEDIA AND STOLE THE ELECTION. SORRY I DIDN'T MAKE THAT CLEAR ABOVE.

Anonymous said...

How could this happen?

Guess keeping ppl from working has an effect on the bottom line.

Guess forcing ppl to shop outside the city limits does too.

Anonymous said...

Hey Byron give back all the money you scammed from the governments.

Anonymous said...

Chicken Joe will get his Praetorium Guard to save us.
If he will let them go from guarding Fortess D.C. .

Bwak-Bwak-BWAAAAAAK!

Anonymous said...

Incompetence.

To think or even believe this wasn't going to happen is delusional thinking.

The elected officials have failed their constituents in Kansas City and Jackson County isn't far behind in their failure too.

What a shame!

Anonymous said...

Tax the Poor!

Anonymous said...

It's amazing that the budget hole has gone from $60 million to over a billion pretty much overnight. Maybe someone wasn't telling the truth with the first number, or more likely, they had no idea what they were doing or talking about. Happens all the time at 12th and Oak.
And the idea of liquidating KCMO government and having surrounding cities pick it up.
Who in the world would want it?
Massive debt and poorly maintained infrastructure. What assets of any value would the purchasers be getting?
The state line looks more important every day.
How's the $60 million for a soccer field in the northland coming?
You really can't make this stuff up!

Anonymous said...

Whaaa!!! The debt!!! Oh no!!! Whaaaa!!!! so much debt!! Whaaa!!!

Anonymous said...

Mayor Lucas ignored Law and Order and supported the anarchists.

People no longer go to Kansas City to dine or shop; thus the City lost tens of millions of sales tax dollars.

You reap what you sow Mayor Lucas.

Anonymous said...

those rich Libs got their money where you will never get at it

Anonymous said...

Shouldn’t have spent the taxpayer money on fluff projects like bike lanes and jazz district and power and light!!!! And yes, the toy train!!!!!

Anonymous said...

Where oh where is that Biden bailout?

Anonymous said...

Mayor McDrinkerson! Isn't there a helpful selfie or tweet you can accomplish today? Don't strain yourself or anything, we know hangovers are rough.

Anonymous said...

Reparations. KCMO is all about reparations.
Jazz Museum
18th and Vine
Linwood Grocery
Street Car
Various committees and employment of unqualified people who provide nothing to the City.

Anonymous said...

^^sortta like you CHUD? Bam!

Hyperblogal said...

You pay down debt during good times and build up reserves in case there's a, oh I don't know, a pandemic??

Tab said...

This is the epitome of Dim0crat city economics. Its all good until you run out of other peoples money and nobody wants to loan you money because you arent good for it. Keep voting Dim0crat, by race, and installing clowns for city council. Making KC a shithole again.