CBS Austin: Austin Would Need $2.7 Billion to Get Out of Debt, or $9,400 From Each Taxpayer

The City of Austin, Texas did not save any money to pay for future retirees’ healthcare benefits in 2021, and the city’s overall financial situation is dire.

In a new report, the nonprofit group Truth in Accounting found that Austin would need $2.7 billion to get out of debt, or $9,400 from each taxpayer.

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