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Elected officials’ decisions have added to Pittsburgh’s woes, and the city currently has an unpaid debt of $1.5 billion.
In 2022, dormant retirement obligations and negative market returns affected Dallas’ fiscal health, leaving the city with $5.9 billion in debt.
The Gateway to the West has a much lower deficit than its predecessor and drops into the D column, with a lower tax burden of $18,000.
The post-pandemic landscape has looked better for Philly of late; however, they still have an F for their almost $12 billion deficit.
The Big Easy is 71st out of 75 cities in the study, sitting within the dreaded F-zone for their fiscal report.
With a higher debt of $5.2 billion, Portland wins an F for its fiscal health. However, thanks to Portland’s larger population, its tax burden is lower than Honolulu’s.
The city would require $26,100 in tax recoupment from every state citizen, surpassing the F-grade threshold of $20,000 per taxpayer.
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