Kirk Report - Illinois Debt
The trajectory of Illinois fiscal policy over the last decade has put the State on a path to insolvency. Despite unprecedented tax increases, the State spends more than it collects and must borrow money at an alarming rate to meet current obligations. Illinois has also accumulated over $145 billion in future pension obligations, more than half of which (56.8 percent) are unfunded.
To read the full report on Illinois debt, click the image below.