WBEZ: How Much Has Illinois’ Budget Crisis Cost Each State Resident?

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WBEZ is reporting, “In two years with no budget, the state of Illinois has racked up billions of dollars in new debt.

So, I wondered: What’s my individual share?

For help with the math, I called Todd Ely, a public finance professor at University of Colorado in Denver.

I started with the raw numbers: Illinois Comptroller Susana Mendoza says when the fiscal year ends, the state’s backlog of unpaid bills will be $11.6 billion dollars higher than when the budget impasse started…”

READ MORE or LISTEN at WBEZ.

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