spot_img

Raleigh, Charlotte earn ‘B’ grades in fiscal analysis

Date:

spot_img

(The Center Square) – Taxpayer surplus and burden analysis by Illinois-based Truth In Accounting ranks Raleigh eighth, Charlotte 17th and Greensboro 33rd among 75 of the largest cities in America.

The methodology is to examine the cities’ bills, their respective number of taxpayers and determine if there is burden or surplus for each. Grades of “A” or “B” are given to governments making their balanced budget requirements; “C” for passing if it comes close; and “D” and “F” when it is not balanced and there are significant taxpayer burdens.

The “B” grades for Raleigh and Charlotte each came with the comment they had “more than enough money to pay outstanding bills.”

Truth In Accounting says Raleigh has $1.3 billion available to pay $974 million in bills, a surplus of $2,200 per taxpayer. For Charlotte, it’s $3 billion available to pay $2.8 billion in bills, a surplus of $600 per taxpayer.

Greensboro earned a “C.” The report says there is $438.5 million available to pay $634.4 million in bills, a burden of $2,100 per taxpayer.

Washington, D.C., led the list as the best, and New York City was the worst of the 75 measured.

Read the Black Chronicle Black History Edition for Free! Click Below

Read the Black Chronicle Black History Edition for Free! Click Below

spot_img
spot_img

Subscribe

Share post:

Popular

More like this
Related

Biden Makes His Case to Black America Ahead of 2024 Election

Washington, D.C. (AURN News) – President Joe Biden addressed...

Silent Majority Foundation to argue to dissolve stay in Gator’s Custom Guns case

(The Center Square) – On Wednesday afternoon, Commissioner of...

Affordable housing bill officially dead, may resurface next year

(The Center Square) — Lawmakers voted to uphold Gov....

Measure requiring 120-day notice of local media sales passes Illinois Senate

(The Center Square) – A measure prohibiting local news...