Comment by ndriscoll
7 hours ago
Okay, but relative to their resources, that's nothing. So they can just pay for those things. It's like worrying about a water heater replacement when you make well into six figures. At a macro level, it is obvious that the suburban model itself is not somehow financially unsustainable.
The city budget is $14B. So they need to make a ~7% adjustment somehow, which amounts to less than a 1% tweak to the local economy. That's not a broken system. It's not a ponzi scheme. It just means they should pay their bills and maybe reduce some waste. You yourself said it's trivial for residents to afford to just pay for the deficit.
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