If You're a Taxpayer in Illinois, This is Your Share of the State's Total Debt

Truth in Accounting’s 2014 financial analysis of Illinois is out, and for the fourth consecutive year, the “Taxpayer Burden” in Illinois ranks second-highest in the nation, increasing from $43,400 in 2013.

The government financial watchdog’s Taxpayer Burden measurement calculates the approximate amount of money required of each taxpayer to pay the state’s total debt, which includes liabilities you won’t find on Illinois’ balance sheet.

Using TIA’s new data, we looked at how Illinois’ Taxpayer Burden compares to six of our closest neighbor states and the trend from 2009-2014. We also used information from United Van Lines to track domestic outbound move statistics in Illinois and these six states during the same time period.

Here’s how much money each Illinois taxpayer would owe in order to pay off the state’s total debt, as well as outbound migration patterns over the past six years.

Like what you see here from Reboot Illinois? Then sign up for our daily email to get more great content right to your email inbox.