Report: EPIC Kansas City Debt Worsens As COVID Relief Dwindles

Neither taxpayers nor voters pay much attention but for the better part of a decade Kansas City has operated with a "structurally unbalanced" budget. 

Strangely . . . The federal money machine might've worsened inflation for most Americans BUT proved to be a financial benefit for 12th & Oak. 

However . . . 

NOW THAT FREE MONEY FROM PREZ BIDEN IS DRYING UP . . . FINANCES ARE GETTING TIGHTER FOR KANSAS CITY!!!

Special thanks to TKC readers for sending us this highlight from a critical report . . .

"Kansas City’s elected officials have repeatedly made financial decisions that left the city with a debt burden of $1.4 billion. That burden came to $8,700 for every city taxpayer. Kansas City’s financial problems stem mostly from unfunded retirement obligations that have accumulated over the years. In 2022, markets produced negative market returns and federal COVID relief waned. These conditions may increase the per taxpayer Tax Burden. Kansas City could struggle to maintain current levels of government services and benefits without further negative impact on its financial health."

Bottom line: Kansas City would need $8,700 from each of its taxpayers to pay all of its bills, so it has received a “D” for its finances.

At a glance . . . 

Kansas City, MO
No. 56 for Fiscal Health
Money Needed to Pay Bills $1.4 billion
Taxpayer Burden $8,700
Financial Grade D
Ranking 56 out of 75

Read more via www.TonysKansasCity.com link . . .

These US Cities Are Drowning In Debt

The average person in the U.S. is around $96,400 in debt... but, as Statista's Katharina Buchholz notes, if Americans would be charged by their hometowns and cities for the debt they have taken on in the name of their residents, a fairly big sum would be added to that tally.