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NYC budget: 20% on pensions, 10% on interest payments

20% on "social services." only 12% on police, tran...
At-the-ready theater mediation
  10/27/15
as i say all the time: NO LONG TERM OBLIGATIONS
Startled national
  10/27/15
? pretty dumb thing to say
180 flesh crackhouse stain
  10/27/15
companies, and especially governments, get themselves into b...
Startled national
  10/27/15
just do pay for roads, schools, and bridges with cash
180 flesh crackhouse stain
  10/27/15
agreed
Startled national
  10/27/15
that's dumb. what happened to the people benefitting being t...
180 flesh crackhouse stain
  10/27/15
I think he or she was being sarcastic. Long-term debt is fin...
Angry Address
  10/27/15
Ironically, long-term pension obligations are leaving many c...
supple sadistic ticket booth jewess
  03/16/18
bingo. hell, even look on a smaller scale at individual t...
Startled national
  03/16/18
The plundering of this country's future by the public employ...
supple sadistic ticket booth jewess
  03/16/18
...
Startled national
  03/16/18
...
up-to-no-good out-of-control stage
  03/21/18
and people like latham (most democrats) think you must be ki...
exciting gas station
  03/21/18
...
floppy scourge upon the earth
  03/21/18
"he or she" lmao
floppy scourge upon the earth
  03/21/18
Difference between taking on debt to pay down a project and ...
Puce laughsome boiling water international law enforcement agency
  10/27/15
NYC legally has to match the debt it issues to the life of t...
180 flesh crackhouse stain
  10/27/15
LOL can't wait for companies to leave.
Tan hell pocket flask
  10/27/15
From what I've read, Chicago is at much greater risk of this...
kink-friendly galvanic love of her life
  10/27/15
Agreed I just like to shit on NYC
Tan hell pocket flask
  10/27/15
Finance to Omaha? SLC?
Fear-inspiring psychic plaza
  10/27/15
Bloomberg's Deputy Mayor described NYC as the next GM. In th...
Angry Address
  10/27/15
This shit needs to be made illegal. Just pay everyone up fr...
charismatic double fault hunting ground
  10/27/15
are the pensions the problem or is it the mismanagement asso...
nubile old irish cottage haunted graveyard
  10/27/15
Both. Promising obscene pensions is mismanagement
scarlet yapping antidepressant drug station
  10/27/15
if you're a politician looking to get reelected, it's perfec...
Ocher pistol
  10/27/15
depends who you want to blame pensions are bad because they...
exciting gas station
  10/27/15
What rate are they paying on their debt? What happens if rat...
scarlet yapping antidepressant drug station
  10/27/15
most of their debt is fixed rate, so nothing.
180 flesh crackhouse stain
  10/27/15
What rate? They will have to roll it over so...
scarlet yapping antidepressant drug station
  10/27/15
no they won't, it's long term debt. of course, it will beco...
180 flesh crackhouse stain
  10/27/15
I mean when it comes due they aren't going to just pay it of...
scarlet yapping antidepressant drug station
  10/27/15
these aren't bullet maturities brother. they get paid off li...
180 flesh crackhouse stain
  10/27/15
Lol no they don't.
Tan hell pocket flask
  10/27/15
http://newyork.municipalbonds.com/bonds/recent/
Tan hell pocket flask
  10/27/15
http://nycbonds.org/NYC/pdf/2015/NYC_GO_2015_CDE.pdf http:/...
180 flesh crackhouse stain
  10/27/15
The maturities are when the principle is due. They are not...
Tan hell pocket flask
  10/27/15
what exactly do you think a mortgage payment includes? princ...
180 flesh crackhouse stain
  10/27/15
*MORON ALERT* BOND PAYMENTS ARE INTEREST ONLY *MORON ...
Tan hell pocket flask
  10/27/15
holy shit, you have already looked at the NYC offering doc a...
180 flesh crackhouse stain
  10/27/15
Lol you're embarrassing yourself
Tan hell pocket flask
  10/27/15
I'm not a muni guy so bear with me, but i don't think this i...
ultramarine patrolman
  03/21/18
Is their total debt increasing or not
scarlet yapping antidepressant drug station
  10/27/15
relevance? their economy is growing, they can easily afford ...
180 flesh crackhouse stain
  10/27/15
if their total debt is rising, they are issuing more debt. t...
scarlet yapping antidepressant drug station
  10/27/15
OH WHAT A POINT
180 flesh crackhouse stain
  10/27/15
the point is they are rolling over the debt and it could spi...
scarlet yapping antidepressant drug station
  10/27/15
This tard thinks munis are amortized like a mortgage LJL
Tan hell pocket flask
  10/27/15
i just don't think he has any experience analyzing balance s...
scarlet yapping antidepressant drug station
  10/27/15
you are both incredibly out of your element. I literally lin...
180 flesh crackhouse stain
  10/27/15
If debt is increasing, it is being rolled over. STATE YOUR...
Tan hell pocket flask
  10/27/15
Is debt rising faster than GDP?
Tan hell pocket flask
  10/27/15
hard to say. if interest rates rise, the pension liabilities...
Ocher pistol
  10/27/15
the problem is that LOL at interest rates rising in the fors...
Pale university dragon
  10/27/15
Cr
Tan hell pocket flask
  10/27/15
not really. I mean, you'd expect them to earn more on their ...
180 flesh crackhouse stain
  10/27/15
i'm thinking more about the downside case where interest rat...
scarlet yapping antidepressant drug station
  10/27/15
for what it's worth, 1/3 of the funds are invested in bonds....
180 flesh crackhouse stain
  10/27/15
jfc libs
Dark Son Of Senegal
  03/16/18
>> Any system ruled by political parties will always m...
Startled national
  03/16/18
...
up-to-no-good out-of-control stage
  03/16/18
NY has so much money coming in that they’ll be fine. They c...
Magical selfie site
  03/16/18
Chicago\Illinois are super fucked
Narrow-minded mind-boggling partner nowag
  03/16/18
Isn't 90% of the city tax currently used to pay pension obli...
hairraiser cruise ship sound barrier
  03/16/18
Ljl
Narrow-minded mind-boggling partner nowag
  03/21/18


Poast new message in this thread



Reply Favorite

Date: October 27th, 2015 4:39 PM
Author: At-the-ready theater mediation

20% on "social services." only 12% on police, transportation, and public housing, combined.

http://www.ibo.nyc.ny.us/iboreports/understandingthebudget.pdf

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053441)



Reply Favorite

Date: October 27th, 2015 4:40 PM
Author: Startled national

as i say all the time: NO LONG TERM OBLIGATIONS

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053454)



Reply Favorite

Date: October 27th, 2015 4:59 PM
Author: 180 flesh crackhouse stain

? pretty dumb thing to say

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053566)



Reply Favorite

Date: October 27th, 2015 5:01 PM
Author: Startled national

companies, and especially governments, get themselves into big trouble with LTOs, not STOs. not to mention that LTOs necessarily have a huge moral hazard problem in that the people voting for them and benefiting from them often are not the people who end up paying for them.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053576)



Reply Favorite

Date: October 27th, 2015 5:03 PM
Author: 180 flesh crackhouse stain

just do pay for roads, schools, and bridges with cash

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053592)



Reply Favorite

Date: October 27th, 2015 5:08 PM
Author: Startled national

agreed

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053619)



Reply Favorite

Date: October 27th, 2015 5:09 PM
Author: 180 flesh crackhouse stain

that's dumb. what happened to the people benefitting being the ones to pay. roads, schools, bridges, water/sewer pipes, etc. last for a long time

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053629)



Reply Favorite

Date: October 27th, 2015 5:10 PM
Author: Angry Address

I think he or she was being sarcastic. Long-term debt is fine for a government whose existence is theoretically perpetual. It's often necessary if you want to build and maintain large-scale public works which are necessary for a modern city.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053635)



Reply Favorite

Date: March 16th, 2018 9:53 AM
Author: supple sadistic ticket booth jewess

Ironically, long-term pension obligations are leaving many cities unable to build even short-term public works. Like, you know, roads.

https://www.theatlantic.com/business/archive/2016/02/budget-woes-in-one-of-americas-wealthiest-cities/470877/

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618362)



Reply Favorite

Date: March 16th, 2018 9:56 AM
Author: Startled national

bingo.

hell, even look on a smaller scale at individual towns and school budgets. long term obligations to employees can't be cut by towns, so any time residents want to control spending the first things cut are always enrichment programs and the like at schools, and then things like buses, etc.

glad they are looking out for the kids!

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618388)



Reply Favorite

Date: March 16th, 2018 10:05 AM
Author: supple sadistic ticket booth jewess

The plundering of this country's future by the public employees is an atrocity for all time.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618458)



Reply Favorite

Date: March 16th, 2018 10:07 AM
Author: Startled national



(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618476)



Reply Favorite

Date: March 21st, 2018 1:27 AM
Author: up-to-no-good out-of-control stage



(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35650704)



Reply Favorite

Date: March 21st, 2018 1:28 AM
Author: exciting gas station

and people like latham (most democrats) think you must be kidding



(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35650708)



Reply Favorite

Date: March 21st, 2018 2:36 AM
Author: floppy scourge upon the earth



(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35650871)



Reply Favorite

Date: March 21st, 2018 2:37 AM
Author: floppy scourge upon the earth

"he or she"

lmao

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35650874)



Reply Favorite

Date: October 27th, 2015 5:20 PM
Author: Puce laughsome boiling water international law enforcement agency

Difference between taking on debt to pay down a project and having perpetual evergreen debt that is going to keep accumulating. You have a price set for a bridge, you may exceed it, it may take more time than anticipated to pay it off, but it's not something that is working in perpetuity.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053681)



Reply Favorite

Date: October 27th, 2015 5:27 PM
Author: 180 flesh crackhouse stain

NYC legally has to match the debt it issues to the life of the project it's financing. people can argue that governments in general shouldn't issue as much debt as they do, but it's really not an issue for NYC specifically. of course, the swaps are a different story.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053723)



Reply Favorite

Date: October 27th, 2015 4:44 PM
Author: Tan hell pocket flask

LOL can't wait for companies to leave.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053481)



Reply Favorite

Date: October 27th, 2015 4:45 PM
Author: kink-friendly galvanic love of her life

From what I've read, Chicago is at much greater risk of this than New York. Not that NY is in great shape, but Chicago seems like it would enter the death spiral first.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053486)



Reply Favorite

Date: October 27th, 2015 5:13 PM
Author: Tan hell pocket flask

Agreed I just like to shit on NYC

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053648)



Reply Favorite

Date: October 27th, 2015 4:57 PM
Author: Fear-inspiring psychic plaza

Finance to Omaha? SLC?

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053557)



Reply Favorite

Date: October 27th, 2015 4:53 PM
Author: Angry Address

Bloomberg's Deputy Mayor described NYC as the next GM. In the next few decades they'll probably avail themselves of the bankruptcy process to get them through those massive pension obligations.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053531)



Reply Favorite

Date: October 27th, 2015 4:55 PM
Author: charismatic double fault hunting ground

This shit needs to be made illegal. Just pay everyone up front, no pensions.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053547)



Reply Favorite

Date: October 27th, 2015 4:58 PM
Author: nubile old irish cottage haunted graveyard

are the pensions the problem or is it the mismanagement associated with the retards in government?

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053563)



Reply Favorite

Date: October 27th, 2015 5:00 PM
Author: scarlet yapping antidepressant drug station

Both. Promising obscene pensions is mismanagement

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053572)



Reply Favorite

Date: October 27th, 2015 5:31 PM
Author: Ocher pistol

if you're a politician looking to get reelected, it's perfectly rational to promise massive pension payouts to unions. the pain will be felt decades down the line, long after youve left.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053738)



Reply Favorite

Date: October 27th, 2015 6:06 PM
Author: exciting gas station

depends who you want to blame

pensions are bad because they aren't treated like what they actually are.

wahhhh, our incomes are low. no, assfucks, you aren't including the value of your pension. huh?

according to these projections, our pensions will be unsustainable in 13 years. 13 years? get out of my office

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054028)



Reply Favorite

Date: October 27th, 2015 4:59 PM
Author: scarlet yapping antidepressant drug station

What rate are they paying on their debt? What happens if rates normalize

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053564)



Reply Favorite

Date: October 27th, 2015 5:02 PM
Author: 180 flesh crackhouse stain

most of their debt is fixed rate, so nothing.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053581)



Reply Favorite

Date: October 27th, 2015 5:03 PM
Author: scarlet yapping antidepressant drug station

What rate? They will have to roll it over so...

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053588)



Reply Favorite

Date: October 27th, 2015 5:06 PM
Author: 180 flesh crackhouse stain

no they won't, it's long term debt.

of course, it will become more expensive if they want to bond for new projects, locking in low interest rates over the past several years is sooo cr. they are basically paying 4%-type rates for 20-30 years. that's great.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053608)



Reply Favorite

Date: October 27th, 2015 5:09 PM
Author: scarlet yapping antidepressant drug station

I mean when it comes due they aren't going to just pay it off out of their pockets. They will issue more debt

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053630)



Reply Favorite

Date: October 27th, 2015 5:13 PM
Author: 180 flesh crackhouse stain

these aren't bullet maturities brother. they get paid off little by little over time, year after year. just like a mortgage. they aren't issuing new debt just to pay off old debt (except for refinancings that lower their interest rates)

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053651)



Reply Favorite

Date: October 27th, 2015 5:32 PM
Author: Tan hell pocket flask

Lol no they don't.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053753)



Reply Favorite

Date: October 27th, 2015 5:38 PM
Author: Tan hell pocket flask

http://newyork.municipalbonds.com/bonds/recent/

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053798)



Reply Favorite

Date: October 27th, 2015 5:42 PM
Author: 180 flesh crackhouse stain

http://nycbonds.org/NYC/pdf/2015/NYC_GO_2015_CDE.pdf

http://nycbonds.org/NYC/pdf/2015/NYC_GO_2015_AB.pdf

here's offering docs for two recent NYC transactions. look on the second page of the files. maturities up and down the curve.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053833)



Reply Favorite

Date: October 27th, 2015 5:57 PM
Author: Tan hell pocket flask

The maturities are when the principle is due. They are not amortized like your home mortgage. State your IQ before I engage you further.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053961)



Reply Favorite

Date: October 27th, 2015 6:03 PM
Author: 180 flesh crackhouse stain

what exactly do you think a mortgage payment includes? principal and interest. you are incredibly dumb and you are not flaming itt, it is actually just your incredibly low iq

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054011)



Reply Favorite

Date: October 27th, 2015 6:12 PM
Author: Tan hell pocket flask

*MORON ALERT*

BOND PAYMENTS ARE INTEREST ONLY

*MORON ALERT*

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054077)



Reply Favorite

Date: October 27th, 2015 6:14 PM
Author: 180 flesh crackhouse stain

holy shit, you have already looked at the NYC offering doc and seen that they pay off principal every year. it isn't just one big chunk they have to pay all at once in 30 years.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054099)



Reply Favorite

Date: October 27th, 2015 6:19 PM
Author: Tan hell pocket flask

Lol you're embarrassing yourself

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054140)



Reply Favorite

Date: March 21st, 2018 1:38 AM
Author: ultramarine patrolman

I'm not a muni guy so bear with me, but i don't think this is a great example. Seems like you could both be technically right.

Those 3 letter designations on the right are CUSIPs (or the end of them). Each of these is a separate bond. I'm not going to read this OM but I'm going to assume that there's no sinking fund on any of them. If that's true, none of the individual bonds amortize.

That said all these individual bonds seem to be raised as part of a series. If you think of the series as a bond (which isn't idiotic since it probably correlates with a fiscal year's required financing), then the series effectively amortizes by having individual bonds mature.

I also wouldn't be surprised if there are munis out there that do have sinking fund provisions (esp revenue bonds or project financing).

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35650739)



Reply Favorite

Date: October 27th, 2015 5:41 PM
Author: scarlet yapping antidepressant drug station

Is their total debt increasing or not

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053823)



Reply Favorite

Date: October 27th, 2015 5:51 PM
Author: 180 flesh crackhouse stain

relevance? their economy is growing, they can easily afford the debt they have. (they are rated AA+/AAA depending on credit and rating agency)

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053903)



Reply Favorite

Date: October 27th, 2015 5:52 PM
Author: scarlet yapping antidepressant drug station

if their total debt is rising, they are issuing more debt. that's all i'm getting at

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053925)



Reply Favorite

Date: October 27th, 2015 5:57 PM
Author: 180 flesh crackhouse stain

OH WHAT A POINT

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053966)



Reply Favorite

Date: October 27th, 2015 6:01 PM
Author: scarlet yapping antidepressant drug station

the point is they are rolling over the debt and it could spiral out of control

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053988)



Reply Favorite

Date: October 27th, 2015 6:02 PM
Author: Tan hell pocket flask

This tard thinks munis are amortized like a mortgage LJL

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053992)



Reply Favorite

Date: October 27th, 2015 6:07 PM
Author: scarlet yapping antidepressant drug station

i just don't think he has any experience analyzing balance sheets and shit. makes me wonder what non-financially inclined people think about budgets

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054033)



Reply Favorite

Date: October 27th, 2015 6:12 PM
Author: 180 flesh crackhouse stain

you are both incredibly out of your element. I literally linked to NYC's recent offering docs showing that they are paying off bonds over time, not "rolling them over." PROTIP: you can't issue tax exempt bonds to "roll over" long term debt. you seem to think that when they issue $1 billion in bonds, it means they have to come up with $1 billion in 30 years, and that they issue new bonds to pay off old bonds. lol just lol

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054081)



Reply Favorite

Date: October 27th, 2015 6:16 PM
Author: Tan hell pocket flask

If debt is increasing, it is being rolled over. STATE YOUR IQ

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29054108)



Reply Favorite

Date: October 27th, 2015 5:57 PM
Author: Tan hell pocket flask

Is debt rising faster than GDP?

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053964)



Reply Favorite

Date: October 27th, 2015 5:34 PM
Author: Ocher pistol

hard to say. if interest rates rise, the pension liabilities go way down in value, improving funding ratios and reducing the need to make additional contributions to the pensions.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053770)



Reply Favorite

Date: October 27th, 2015 5:38 PM
Author: Pale university dragon

the problem is that LOL at interest rates rising in the forseeable future

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053803)



Reply Favorite

Date: October 27th, 2015 5:40 PM
Author: Tan hell pocket flask

Cr

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053820)



Reply Favorite

Date: October 27th, 2015 5:48 PM
Author: 180 flesh crackhouse stain

not really. I mean, you'd expect them to earn more on their investments, but the liabilities are calculated based on the plans' actuarial assumptions, which don't float with interest rates. most plans assume 7-8%.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053889)



Reply Favorite

Date: October 27th, 2015 5:52 PM
Author: scarlet yapping antidepressant drug station

i'm thinking more about the downside case where interest rates rise and return on investments is low

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053914)



Reply Favorite

Date: October 27th, 2015 6:02 PM
Author: 180 flesh crackhouse stain

for what it's worth, 1/3 of the funds are invested in bonds. anyway, pensions are fuckin complicated but NYC is not nearly as bad as some other systems. the focus on individual year returns is a mistake though. most important thing is keeping up with their contributions

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#29053997)



Reply Favorite

Date: March 16th, 2018 9:10 AM
Author: Dark Son Of Senegal

jfc libs

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618079)



Reply Favorite

Date: March 16th, 2018 9:19 AM
Author: Startled national

>> Any system ruled by political parties will always move to the left. Their business model is based on getting low status people to work for them. Obviously they must give them something in exchange. And they must motivate voters to vote for them. Their promise is simple: You, low status people, help us out, vote for us, obey our commands, and we will give you high status. Don’t vote for us, disobey us, let the right win, and you will remain low status. <<

https://bloodyshovel.wordpress.com/2017/12/13/bioleninism-the-first-step/

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618115)



Reply Favorite

Date: March 16th, 2018 9:28 AM
Author: up-to-no-good out-of-control stage



(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618185)



Reply Favorite

Date: March 16th, 2018 9:47 AM
Author: Magical selfie site

NY has so much money coming in that they’ll be fine. They can always do stuff raise prop taxes on anything worth over $2M and soak the Chinese buyers who own all of those empty condo.

It’s secind tier citie/states like Chicago and New Jersey that are fucked.

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618313)



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Date: March 16th, 2018 10:20 AM
Author: Narrow-minded mind-boggling partner nowag

Chicago\Illinois are super fucked

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618584)



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Date: March 16th, 2018 10:41 AM
Author: hairraiser cruise ship sound barrier

Isn't 90% of the city tax currently used to pay pension obligations?



(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35618671)



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Date: March 21st, 2018 1:25 AM
Author: Narrow-minded mind-boggling partner nowag

Ljl

(http://www.autoadmit.com/thread.php?thread_id=3028597&forum_id=2#35650696)