Whilst the local media was busy covering the phony romance of Travis Kelce & Taylor Swift. It seems that recent economic projections reveal Kansas City teetering on the brink of bankruptcy.
To wit . . .
TODAY KICK-ASS TKC TIPSTERS SHARE DOX EXPOSING AN EPIC GENERAL FUND BALANCE REACHING ITS BREAKING POINT!!!
It's absolutely frightening that TKC is the first local newsie outlet to put this on blast but the information is hidden in plain sight.
Special thanks to BAD-ASS TKC TIPSTERS for sending the publicly available dox our way . . .
Take a look at the most important 12th & Oak graphic that puts everything into perspective . . .
Look closely . . . In about 4 years KCMO runs out of cash to keep up with the current rate of spending.
This isn't some far off debt projection but a very real warning sign that this cowtown is very close to becoming the Detroit of the Plains . . . Or maybe just West St. Louis.
For those who want to take a deeper dive . . .
It's a dry document but we've read through it and here's a few highlights courtesy of our www.TonysKansasCity.com blog community . . .
- City Hall employees will be the first to start paying for this shortfall. Starting next year health insurance contributions are going to spike by 200 bucks minimum which will hurt workers on the low-end and cancel out most of the recent raises.
- High profile projects championed by the current administration are aiding the shortfall. We'll be happy if other newsies name the puppy but we'll post very soon if there's no follow-up.
- There is NO PLAN to trim the budget . . . The document is jam packed with spending deets but as we flirt with municipal bankruptcy . . . Notice NOT A SINGLE EFFORT TO CUT SPENDING.
It gets worse from that point as financial dox offer a glimpse at municipal FAIL on a historic level that could impact the future of this town going forward for generations.
Developing . . .
Comments
Post a Comment
TKC COMMENT POLICY:
Be percipient, be nice. Don't be a spammer. BE WELL!!!
- The Management