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Illinois’ financial state staggering as taxpayer burden spikes

Madeleine DoubekReboot Illinois

Apr 16, 2017

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Illinois’ debt is so staggering and that it was given an “F” grade in a new analysis from Truth in Accounting, the Chicago-based government financial think tank.

Illinois now needs $210.4 billion to pay off its bills, its analysis concluded. That amount equates to $50,400 for every Illinois taxpayer. That means that if Illinois were to pay off all its debts immediately, every taxpayer in the state would need to come up with $50,400 to cover the debt.

Truth in Accounting’s Founder and CEO Sheila Weinberg said the total debt actually…

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