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I live in the city. Property taxes ~10k / year on an assessed value of 400k. It all evens out... lower taxes out in the suburbs but because of that fact (as well as better schools etc), the prices are a lot higher.
"If the city's infrastructure needs and its liability for retiree health care benefits are included, the total shortfall reaches $2 billion over 10 years, the report found. Baltimore's annual operating budget is $2.2 billion."
Nothing to see here, probably just forgot to factor in the $2,500 per family in Obamacare health care savings.
Baltimore is just in such a tough spot with so many very poor people who don't pay taxes. So they really hammer those who do.
"...[Baltimore City] will accumulate $745 million in budget deficits over the next decade because of a widening gap between projected revenues and expenditures.."
Most cities like Baltimore are very poorly run, and their bankruptcy is the inevitable outcome. The Mayors in these cities are generally clueless. Baltimore's last good mayor was William Donald Schaefer who was followed by a line-up of dumb bells and posers, including the worthless Governor O'Malley who has designs on the White House..., what a laugher.
The same Schaefer who chased the Colts out of town? Good mayor or great mayor?
Did they ever find 40 million O'malley gave to the school's and they were supposed to pay back? Another story just swept under the rug.
Yeah, bro, but out in the burbs you are building equity as opposed to burning money. And you don't HAVE to pay for private schools out there.
"roomers are for bitches and bitches get fucked up."
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