https://www.texastribune.org/2016/12...ng-texas-city/
Glad that many big cities have exurban areas that don't have to worry about all this silly spending on pensions.
Phoenix at 434% of annual revenues. It already looks sort of like a third-world country in many parts and to think more and more money will need to dumped for golden goose retirement packages for civil servants.
Glad Phoenix has lots of new beautiful suburbs that hardly have any unfunded pension liabilities that are like resort living.
What a waste of money. I can't say I feel empathetic towards the liberals who live in these cities as opposed to very conservative suburban areas.
Chicago has unfunded pensions of 719% of annual revenue, Houston 414% and Los Angeles 407%.
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