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No - they were mostly just housing suburbs. That brings in income from fees when the houses are built - but you have roads, sewer/water, schools, hospitals to f
by rfghjhbg 17y ago
No - they were mostly just housing suburbs.
That brings in income from fees when the houses are built - but you have roads, sewer/water, schools, hospitals to fund forever.
That's fine as long as the people living in those houses are tax-profitable middle class dual income. As soon as they aren't you have just built a 500,000 person slum to fund.
- kingkongreveng_ 17y agoTo my understanding, the financial picture of North American cities is essentially driven by public employee salary and benefit costs, which are out of control due to unions. Whether a city is struggling or not right now, or will struggle in the future, is largely a question of how high they let the payroll and pension benefits drift.