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New York City’s total indebtedness calculated against its statutory debt limit is about $96.3 billion. And, when calculating all long-term liabilities—including outstanding bonds, pensions, and retiree healthcare obligations—the total figure sits around $260 billion, meaning nearly $30,000 in debt per resident.
I can’t imagine why ordinary, hard-working normal thinking people, still vote for a democrat leadership in NYC.
I can’t imagine why ordinary, hard-working normal thinking people, still vote for a democrat leadership in NYC.
