Report details threat to future Illinois taxpayers posed by excessive borrowing – Center Square
August 20, 2022
No Comments
Illinois is one of 10 states with the largest bonded liabilities that make up 66% of the country’s total state government debt, amounting to over $810 billion. Illinois accounts for nearly $58 billion of that total, and that doesn’t include public pension debt and other retiree obligations. The other states are California, New York, Texas, New Jersey, Massachusetts, Washington, Connecticut, Virginia and Michigan.
The ongoing North Side crime wave in Chicago brought three armed robberies on one day this week to Edgewater. “Am I going to get a stray bullet just walking into the CVS? We have overall a very safe community, but we have to be cognizant that could change at any time.”
New U.S. Bureau of Labor data shows Illinois’ unemployment rate in July was the 3rd-worst in the country. Last month Illinois had the nation’s 5th-worst rate.