Experts: Illinois taxpayers carrying 3rd-highest debt burden in nation – Illinois Policy

Experts with Truth in Accounting examined state financial reports to determine Illinois failed to pay $210.5 billion worth of its bills in fiscal year 2021, leaving each taxpayer responsible for $49,500 in debt. Illinois ranked third-worst in the nation, rating an “F” for fiscal management.
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Poor Taxpayer
3 years ago

Not to worry, it will soon be number 2 and racing for number 1. Illinois will at least be number 1 on something. The 1 stand’s for the middle finger.

Old Joe
3 years ago

The next recession will finish off Illinois as an entity to do business with. It should be obvious to any creditor by now that Illinois has become a ward of the federal government dependant upon a continuation of Democratic Party incumbency in the White House.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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