Kansas City, MO – The Kansas City, Mo., finance department verified Wednesday that after two years of major spending cuts the city has money in the bank. And the mayor and council members immediately started talking about how much more the city should borrow.
The 34.2 million dollars the city has in its general fund today, day one of its new fiscal year, is about 8 percent of this year's budget. That's the largest balance in a decade, and the city's credit rating is also at its highest in ten years.