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Report ranks NYC as having worst municipal finances in country

JANUARY 31, 2020 | by Chris Gaetano | NEW YORK STATE SOCIETY OF CPAS

By Chris Gaetano, includes “… This methodology placed New York City as having the worst finances of the 75 largest municipalities. In order to leave the city free of noncapital debt, each New Yorker would have to pay $63,100, almost twice the amount of the second worst city, Chicago, at $37,100. The average taxpayer burden across all 75 cities was $7,040. …”

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