Chicago, IL
| Chicago owes more than it owns. |
| Chicago has a -$42,600 Taxpayer Burden.™ |
| Chicago is a Sinkhole City without enough assets to cover its debt. |
| Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped. |
| TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt. |
| Chicago only has $11.8 billion of assets available to pay bills totaling $52.9 billion. |
| Because Chicago doesn't have enough money to pay its bills, it has a -$41.1 billion financial hole. To fill it, each Chicago taxpayer would have to send -$42,600 to the city. |
| Chicago's reported net position is overcityd by $1.2 billion, largely because the city delays recognizing losses incurred when the net pension liability increases. |
| The city's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard. |
Prior Years' TIA Data
2023 Financial State of Chicago
2022 Financial State of Chicago
2021 Financial State of Chicago
2021 Chicago Combined Taxpayer Burden
2020 Financial State of Chicago
2020 Chicago Combined Taxpayer Burden
2019 Financial State of Chicago
2019 Chicago Combined Taxpayer Burden
2018 Financial State of Chicago
2018 Chicago Combined Taxpayer Burden
2017 Financial State of Chicago
2017 Chicago Combined Taxpayer Burden
2016 Financial State of Chicago Public Schools
2016 Financial State of Chicago
2016 Chicago Combined Taxpayer Burden
2015 Financial State of Chicago Public Schools
2015 Financial State of Chicago
2014 Financial State of Chicago Public Schools
2014 Financial State of Chicago
Other Resources
Chicago Annual Comprehensive Financial Reports
Publishing Entity: City of Chicago Finance Department
