Kansas City, MO

TIA Data

2019 Financial State of Kansas City (Released 1/26/2021)

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Kansas City's Taxpayer Burden™ is -$11,300, and it received a "D" from TIA.
Kansas City is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Kansas City only has $1.4 billion of assets available to pay bills totaling $3.1 billion.
Because Kansas City doesn't have enough money to pay its bills, it has a $1.7 billion financial hole. To erase this shortfall, each Kansas City taxpayer would have to send $11,300 to the city.
Kansas City's reported net position is inflated by $182.4 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 183 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Kansas City

2017 Financial State of Kansas City

2016 Financial State of Kansas City

2015 Financial State of Kansas City

Other Resources

Kansas City Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

Kansas City and St. Louis receive D’s in fiscal health

FEBRUARY 9, 2021 | SHOW-ME INSTITUTE (MISSOURI) | by Corianna Baier

By Corianna Baker, includes “… All the cities on this list, including Kansas City and St. Louis, have balanced budget requirements, meant to ‘prevent elected officials from shifting the burden of paying for current-year services to future-year taxpayers.”