The report showed Illinois had just over $36 billion in assets available to pay bills totaling more than $272 billion, leaving the state needing $236 billion in additional assets to pay its bills.Įach Illinois taxpayer now owes a $57,000 share of that mounting debt, nearly double what it was just a dozen years ago in 2009.
Illinois’ financial condition worsens despite receiving billions in federal aidĪ new report from watchdog Truth in Accounting shows each taxpayer’s share of state debt has nearly doubled since 2009 to $57,000 as total debt increased by $10 billion-mostly due to pension obligations.įiscal watchdog Truth in Accounting crunched the numbers for Illinois and gave the state an F grade in its latest Financial State of the States report.
