Bright Lights, Big City Debt: Taxpayers in 10 largest U.S. cities face an average burden of nearly $50,000

Chicago is the worst off. And the forecast for that city appears increasingly grim as the government employee pension “obligations” bite harder and harder.

(From Center Square)

“When you combine the accumulated debt for these entities with other obligations facing city taxpayers, like their share of county and state unfunded debt, the taxpayer burden facing Chicagoans runs more than three times higher than the amount implied by the city’s financial report alone. And Chicagoans face the highest taxpayer burden of any of the 10 largest cities in the nation.”

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