2015 Data (Released 05/23/2016)

Financial State of Illinois

Press Release

Illinois owes more than it owns
Illinois has a -$45,500 “Taxpayer Burden”
Illinois is a “Sinkhole State” without enough assets to cover its debt
Elected officials have created a Taxpayer Burden, which is each taxpayer's share of state bills after its assets available have been tapped
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt
Illinois has only $25.9 billion of assets available to pay bills totaling $212.8 billion
To fill the $186.9 billion financial hole each Illinois taxpayer would have to send $45,500 to the state
Because of a new accounting rule, Illinois now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $29.3 billion in 2014 to $108.6 billion in 2015. However, the state is still hiding $8.1 billion of pension debt from taxpayers.
The state's financial report was released 266 days after its fiscal year end, which is considered untimely according to the 180 day goal

Prior Years' TIA Data

2014 Financial State of Illinois

2013 Financial State of Illinois


Other Resources

Illinois Comprehensive Annual Financial Reports

Publishing Entity: Illinois Comptroller: The Ledger