Truth in Accounting

Kansas City, MO

TIA Data

2022 Financial State of Kansas City, MO (Released 1/15/2024)

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Kansas City, MO owes more than it owns.
Kansas City, MO's Taxpayer Burden™ is -$9,000, and it received a "D" from TIA.
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 $2.3 billion of assets available to pay bills totaling $3.8 billion.
Because Kansas City, MO doesn't have enough money to pay its bills, it has a -$1.5 billion financial hole. To erase this shortfall, each Kansas City, MO taxpayer would have to send -$9,000 to the city.
Kansas City, MO's reported net position is understated by $81.5 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 214 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Kansas City, MO

2020 Financial State of Kansas City, MO

2019 Financial State of Kansas City, MO

2017 Financial State of Kansas City, MO

2016 Financial State of Kansas City, MO

2015 Financial State of Kansas City, MO

Other Resources

Kansas City, MO Annual Comprehensive Financial Reports

Publishing Entity: Finance Department

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