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