TIA Data

2021 Financial State of Illinois (Released 10/25/2022)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

Illinois owes more than it owns.
Illinois' Taxpayer Burden™ is -$49,500, and it received an "F" from TIA.
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 available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Illinois only has $39.1 billion of assets available to pay bills totaling $249.6 billion.
Because Illinois doesn't have enough money to pay its bills, it has a $210.5 billion financial hole. To fill it, each Illinois taxpayer would have to send $49,500 to the state.
Illinois's reported net position is overstated by $10 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 356 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2020 Financial State of Illinois

2019 Financial State of Illinois

2018 Financial State of Illinois

2017 Financial State of Illinois

2016 Financial State of Illinois

2015 Financial State of Illinois

2014 Financial State of Illinois

2013 Financial State of Illinois

2012 Financial State of Illinois

2011 Financial State of Illinois

2010 Financial State of Illinois

2009 Financial State of Illinois

City and Other Municipal Reports

2012 Financial State of Cook County Governments

2014 Financial State of Chicago Public Schools

2014 Financial State of Glencoe

2015 Financial State of Chicago Public Schools

2015 Financial State of LaSalle County

2016 Financial State of Chicago Public Schools

2016/2017 Financial State of 10 Illinois Suburbs

2018 Financial State of Wood Dale

Financial State of Chicago

Other Resources

Illinois Comprehensive Annual Financial Reports

Publishing Entity: Illinois State Comptroller

Illinois Credit rating upgrades lead to more borrowing

JUNE 9, 2022 | by Sheila Weinberg

On the heels of credit rating upgrades, Illinois has sold $1.6 billion worth of bonds to fund a pension buyout program and construction projects. As the Chicago Tribune reported, Gov. J.B. Pritzker touted the upgrades lauding Democratic leaders for their work “to make sure that we’re back in good fiscal order, that the state is building its fiscal foundations for the road ahead.” But as Hetty Chang of Moody has stated, ratings are not “public policy report cards, although politicians may use them as such.” Credit ratings do not focus on the overall financial condition of the state; they focus on the likelihood of bonds being paid.

And if the state is in such “good fiscal order,” then why did it need to borrow money?