Chicago Black Eye
In study of nation’s 75 largest cities, Chicago ranks next to last in fiscal health
Based on 2018 audited financial statements, Truth in Accounting gives Chicago an “F” with a debt burden of $34.4 billion; that’s $37,100 per taxpayer. New York ranked last, with $186.7 billion, or $63,100 per taxpayer.
“Future taxpayers are gonna be stuck with this bill. … They’re gonna have to pay additional taxes. They’re not gonna receive any government services or benefits for that unless retirement benefits can be cut — which the state supreme court has said [is] unlikely — or other cuts can be made.”
Ugggh. That is all I can say.
Woe to the next generation.
Grace & Peace & Love to you all -
Matt