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“Chicago taxpayers face $86.9 billion in debt and unfunded liabilities under the new Moody’s methodology. That’s $32,000 per Chicago resident and more than $84,000 for every Chicago household.”

Remember that most Chicago households cannot contribute much to help pay that debt. Roughly a third are near or under the poverty line. That means those with ability to pay face numbers so astronomical that we can be sure they would move before they would pay.

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