Windy City taxpayers face a much higher unfunded tax burden than those living in any of the nation’s other most populous cities, including New York, according to new calculations by Truth in Accounting (TIA).
“The City of Chicago is in significantly worse financial shape than it might first appear, and its taxpayers face the highest taxpayer burden in the country,” the Chicago-based nonprofit said in a report titled “Taxpayers on the Hook,” which was made public May 11.
