Re:Toll signs on 101 report your transponder setting
by jrockway on Friday March 11, 2022 @02:31AM
(#30637294)
The problem is not that they're "nice" or whatever, but that they are financially unsustainable. Property taxes aren't high enough to cover the maintenance on the infrastructure like water mains, sewage treatment, fiber optic Internet, etc. As a result, suburbs are going bankrupt right and left.
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Re:Toll signs on 101 report your transponder setting
by listenallyall on Friday March 11, 2022 @04:54AM
(#30638126)
You're way off. Detroit (which is not a suburb) went bankrupt, and 62 of the top 75 most populous cities do not have enough money to pay their bills, totalling a massive $333 billion in unfunded debt.
https://www.truthinaccounting.org/library/doclib/Financial-S...
Among most cities that declare, physical infrastructure is usually the least of their problems, it almost always is rooted in public employee pension guarantees that can't be met.
"Unfunded retirement liabilities are the main contributing factor to the $333.5 billion in city-level debt"
The two cities in the worst shape? NYC and Chicago, which are far more urban (and well-serviced by public transportation) than cities like Phoenix, Las Vegas or Anaheim which barely have any downtown urban core and are essentially just large glorified suburbs.