10 Most Populous Cities withinside the U.S. - City Financial Health
SEE ALSO: Foundation Completed When Will It Open
With the exception of New York City, maximum municipalities do now no longer consist of of their annual monetary reviews the price range of large, underlying authorities devices for which town taxpayers also are responsible, along with faculty districts, and transit and housing authorities.
This file takes under consideration those underlying authorities entities that are basically subsidiaries of the town and therefore presents citizens and taxpayers in those towns with a greater correct and holistic view in their respective town's price range. We consist of underlying entities that town governments declare duty for of their annual monetary reviews. When the unfunded debt of those underlying authorities devices is blended with the county, municipal, and kingdom debt, town taxpayers are at the hook for a whole lot greater than they think.
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The 2022 City blended Taxpayer Burden Report discovered that taxpayers in those 10 towns face a median blended taxpayer burden of greater than $49,400, whilst all entities involved, along with county, kingdom, and "off-stability sheet" authorities entities, are included.
Phoenix, Arizona had the first-class town price range out of the ten maximum populous towns withinside the U.S. with a blended taxpayer burden of $11,200. But now no longer all 10 towns had been so lucky. Chicago had the worst town price range of the group,with a blended taxpayer burden of $135,700.
The complete Financial State of the Cities file may be discovered on line here. The 10 town ranking (from first-class to worst) is below:
City and Combined Taxpayer Burden
1. Phoenix: (-$11,200)
2. San Antonio: (-$19,400)
3. Houston: (-$26,000)
4. Dallas: (-$27,500)
5. San Diego: (-$37,600)
6. San Jose: (-$42,100)
7. Philadelphia: (-$48,100)
8. Los Angeles: (-$55,300)
9. New York City: (-$91,500)
10. Chicago: (-$135,700)
Founded in 2002, Truth in Accounting is devoted to instructing and empowering residents with understandable, reliable, and obvious authorities monetary information. Sheila Weinberg is a Certified Public Accountant with greater than forty years of enjoy withinside the field.