Chicago’s combined state and local taxpayer debt burden worst in the nation – Illinois Policy

Fiscal watchdog Truth in Accounting reports every Chicagoan is on the hook for $135,700 when combining city and state debt. The cost of union benefits is driving that burden, with 69% of the city’s nearly $98 billion debt total owed to pensions and another 6.7% owed to other post-employment benefits like retiree health insurance.

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