No, Kansas City, Kansas, is not going bankrupt. So why is the mayor claiming that?

Mayor Tyrone Garner said the Unified Government is headed towards "complete financial ruin," and wants to give the mayor's office more power. But the idea of breaking up Kansas City, Kansas, and Wyandotte County may not fix the underlying problems, and could make finances worse.
At a press conference in October, Unified Government Mayor Tyrone Garner issued a dire warning.

The government of Wyandotte County and Kansas City, Kansas, he said, was on a “pathway to complete financial ruin.”

Bankruptcy, he warned, sat just around the corner.

But the bond markets tell a different story.

Earlier this year, the Unified Government received a decent A1 bond rating with a stable outlook from Moody’s Investors Service. The UG also has not informed bondholders of any threat of bankruptcy. If Wyandotte County actually found itself on the verge of financial collapse, it would have been required by law to warn the investors who might buy its municipal bonds that the UG was a dicey bet.