The report was done by Truth In Accounting and highlights how big cities in the United States perform financially. Chicago finished 74 out of 75 on the TIA list. According to TIA numbers, Chicago has nearly $11 billion of assets available to pay bills totaling $48.8 billion, creating a $38.2 billion debt liability, which is about $42,000 per resident.
If you want to wake up Chicago voters, send each of them an invoice for $42,000 with a payment plan and start collecting.
Illinois should do the same thing – that would get voters’ attention.
Poor Taxpayer
3 years ago
Illinois does not have the change of a Nickel; The Chitty of Chicago does not have a penny.
Some of the highest taxes in the country and no money.
Just where is it all going?????????????????????????????????
Overly generous Pensions, overly generous Pensions, overly generous Pensions, overly generous Pensions, overly generous Pensions, overly generous Pensions.
There is a HUGE PENSION TIME BOMB going off. Run for your economic life.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
If you want to wake up Chicago voters, send each of them an invoice for $42,000 with a payment plan and start collecting.
Illinois should do the same thing – that would get voters’ attention.
Illinois does not have the change of a Nickel; The Chitty of Chicago does not have a penny.
Some of the highest taxes in the country and no money.
Just where is it all going?????????????????????????????????
Overly generous Pensions, overly generous Pensions, overly generous Pensions, overly generous Pensions, overly generous Pensions, overly generous Pensions.
There is a HUGE PENSION TIME BOMB going off. Run for your economic life.