New York City is in so much debt that each resident "owes" $85,0
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Middle Township - New York City is in so much debt that each resident "owes" $85,000. Chicago is more ambitious; its debt amounts to $119,000 per resident. One way to control debt and taxes is to elect those serious about cutting expenses and getting out of debt. Pay attention during election season. Vote for those who respect you enough not to overspend. Get registered to vote today.
Moderator's Note:
According to a Fox News article published May 15, "America’s 10 largest cities, largely Democrat strongholds, are drowning in municipal debt, according to a new report from government watchdog Truth in Accounting. The report sought out 'to determine what ... overlapping financial entities mean for taxpayers’ bottom line.' Truth in Accounting said its purpose was to 'calculate the various bills (and surpluses, when available) at the city government level and divide them out to determine a per-Taxpayer Burden.' The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600."
Print Publication Date:
5/29/2019