The average Chicago citizen is walking around on real estate with a number of different, overlapping governmental jurisdictions, each of which poses financial implications for any single taxpayer. Calculating the full ‘Taxpayer Burden’ for a Chicago citizen requires analysis and assessment of his or her exposure to the multiple layers of government that are borrowing money, with future tax implications.

Comment: That’s the key. Any one jurisdiction may look fixable in isolation, but in aggregate they are not.