City budgets aren't the only balance sheets. Counties, corporations, charters, port authorities, states. I couldn't guess at all the structures and financing s

City budgets aren't the only balance sheets. Counties, corporations, charters, port authorities, states. I couldn't guess at all the structures and financing schemes that have been concocted. For instance, Port Authority of NY and NJ builds, owns, and operates a massive amount of infrastructure. Completely apart from NYC. The Port Authority in my own region is its own separate nominally democratic fiefdom with its own powers to raise taxes, fees, etc.