Chicago’s debt grows to $43,700 per taxpayer despite federal COVID aid

Perry Zhao  |  August 11, 2021

By IPI intern Perry Zhao, includes “Chicago has, again, earned a failing grade on its overall financial health – which worsened during the pandemic despite federal aid, according to Truth in Accounting’s July 2021 analysis. … The financial watchdog’s report found the city’s funds from grants and contributions more than doubled to $1.17 billion because of federal aid during the 2020 fiscal year, up from $497 million. But pension and retiree health care obligations swallowed up the gains.” 

Read the full article on: Illinois Policy Institute

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