City bosses have been LYING to taxpayers!!!-----Report: Chicago Taxpayer Debt Is $135,700 per Person

Report: Chicago Taxpayer Debt Is $135,700 per Person

(The Center Square) – A new report is highly critical of how Chicago and other large cities present their financial reports.
Truth in Accounting says to truly understand a city’s financial condition, taxpayers have to play an impossible game of hide and seek.

• ...When the unfunded debt of these underlying government units is combined with the county, municipal and state debt, city taxpayers are on the hook for much more than they think.

“In New York City, each taxpayer is burdened in that city $91,500, where Chicago is actually $135,700,” Truth in Accounting CEO Sheila Weinberg said.
Collectively, taxpayers in these 10 cities face an average combined per-taxpayer burden of more than $49,400, including county, state, and “off balance-sheet” underlying government entities. 
...Of the ten cities examined, Phoenix, Arizona, had the lowest taxpayer burden at $11,200, followed by San Antonio, Texas, at $19,400, and Dallas, Texas, at $26,000.