(The Center Square) – The largest cities in Texas with the greatest taxpayer burdens are primarily run by Democrats, according to an analysis of financial data published by Truth in Accounting.
In the latest comprehensive analysis of the fiscal health of the 75 most populous cities in the U.S., 53 did not have enough money to pay all of their bills, or 70%, according to a Truth in Accounting analysis of the latest annual comprehensive financial reports from 2022.
Pension, healthcare and post-employment debt accounts for the majority of debt owed by cities, according to TIA’s eighth annual Financial State of the Cities report.
To show the impact to taxpayers of how officials budget and spend taxpayer dollars, for cities that don’t have enough money to pay their bills TIA divided the amount of revenue needed to cover those costs by the estimated number of
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