"Recently, non-government organization Truth in Accounting published a report about the financial condition of the 75 largest cities of America.
As it turns out, 63 out of 75 cities in America were not able to pay bills at the end of the fiscal year of 2017.
The final result of this study was the calculation of the burden borne by taxpayers in these American cities.
The formula is simple: the financial balance of the city (positive or negative) is divided by the number of inhabitants.
The result is a good assessment of how effectively the city authorities work, depending on the positive or negative financial balance of the city per capita.
The formula is simple: the financial balance of the city (positive or negative) is divided by the number of inhabitants.
The result is a good assessment of how effectively the city authorities work, depending on the positive or negative financial balance of the city per capita.
Let us start with the most financially strong cities.
...In other words, for many years, at the helm of these cities with a brilliant financial future were fiscal conservatives, who (occasionally) could be found among representatives of the Democratic Party and representatives of the Republican Party.
Moreover, those who earned a pension by working for the city have nothing to worry about, either — the pension funds of these cities are in good shape.
If we turn to the cities at the bottom of the list, the picture is quite different.
If we turn to the cities at the bottom of the list, the picture is quite different.
First, it is easy to see that the negative balance of cities at the bottom of a financial abyss exceeds the positive balance of those cities at the top of financial well-being by an order of magnitude.
Secondly, the political preferences of the inhabitants of these cities are quite unambiguous: they prefer almost exclusively Democrats..."
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