Golden Ghetto Bust: Johnson County Budget 'Not Sustainable' Seyz Manager

Tonight we take a glimpse at the economics of infinite borrowing and growth going south for this formerly prosperous enclave . . . Check-it:

“We’ve got to really prepare ourselves in the coming budgets,” Johnson County Manager Penny Postoak Ferguson told commissioners as she outlined her proposed budget last week.

During that presentation, she said current trends in housing valuations and tax revenues will continue to put pressure on the county’s property tax rate, or mill levy.

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

County manager warns JoCo's budget forecast 'not sustainable'

Johnson County Manager Penny Postoak Ferguson told commissioners that, unless something changes, revenues would not keep up with rising costs in coming years.