That is exactly what the elected people don't understand. They think that they can just keep spending and raising the taxes to pay for it.
Once when our city, which owned the water & electricity was going to double the cost but only to businesses. I attended the "public hearing" and with the TV crews rolling, I explained to them that it didn't really matter how much that they increased it, that I would be passing it on to the customer and when they refused to pay it, by doing without or going to the next town, that I would be closing and leaving a vacant lot on main street.
Of course, the TV crews loved it as I said a few other things, about their level of business knowledge, etc. End result is that I never spent another dime in that city, when I could I left. Today, they have the highest tax rate of the 4 cities, & I don't live there either.