It's going to be interesting when all the retiree's retire and start collecting pensions. Looks like many major cities are going to need to either eliminate many services or really increase those taxes.
https://www.truthinaccounting.org/ne...2016#Executive summary
$62,000 per-taxpayer unfunded pensions in New York City
$45,000 per-taxpayer unfunded pensions in Chicago
$30,000 per-taxpayer unfunded pensions in Philadelphia
$21,700 per-taxpayer unfunded pensions in Dallas
$5,200 per-taxpayer pension surplus in Irvine, CA
$2,900 per-taxpayer pension surplus in Lincoln,NE