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Illinois: City & State Debt Ends Up On Homeowners' Doorsteps

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First published at 19:01 UTC on June 13th, 2021.

#illinois
#debt
#propertytaxes

@BoogieFinger

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IL property tax hikes influenced by government debt
https://archive.vn/QX3lE
Homeowners like Agewoye, in the village of Riverdale, have the second highest debt ratio in the study. They owe $46,000 for every $100,000 of property. Pappas said they could pay as much in taxes as they paid for their homes over a 17-year period.
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The city of Chicago also carries huge debt and unfunded pensions. The treasurer's study shows that there is about $41,000 of debt attached to every $100,000 in property value

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