Kansas City, MO : State Data and Comparisons : Data-Z

Kansas City, MO

TIA Data

2023 Financial State of Kansas City, MO (Released 02/27/2024)

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Kansas City, MO owes more than it owns.

Kansas City, MO has a -$8,800 Taxpayer Burden.™

Kansas City, MO 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, MO only has $2.4 billion of assets available to pay bills totaling $4 billion.

Because Kansas City, MO doesn't have enough money to pay its bills, it has a -$1.6 billion financial hole. To erase this shortfall, each Kansas City, MO taxpayer would have to send -$8,800 to the city.

Kansas City, MO's reported net position is inflated by $194.2 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 214 days after its fiscal year end, which is considered untimely according to the 180 day standard.