Each Chicago taxpayer on hook for nearly $42,000 of city debt

By Justin Carlson
02/10/2023
Fiscal watchdog Truth in Accounting found Chicagoans are each responsible for the second-most debt in the nation. It again gave the city an ‘F’ grade despite improvements from one-time federal COVID-19 aid and unusually high pension investment returns.

TAGS: Chicago, debt

Chicagoans owe $43,100 each to settle city debt

By Patrick Andriesen
02/02/2022
A financial watchdog report estimated each taxpayer in Chicago would need to pay $43,100 to settle the city’s debt. It stands at No. 2 for big U.S. cities. Blame city leaders for repeatedly making pension debt worse.

TAGS: Chicago, debt