The U.S. Cities that are Drowning in Debt

By Brad Beckett

Statista says 50 out of the 75 largest cities in the U.S. are currently running a deficit and, in some cases, a pretty hefty one. Today’s chart illustrates those cities with the highest municipal debts per taxpayer. Indeed….Stay safe and have a Happy Friday!!

“…despite being obligated to pay employees’ pension and retiree health care benefits when these come up, many cities decide to put off building these funds and even omit the respective items from city balance sheets.”