According to a new report on financial red flags, Illinois has a higher debt ratio than any other state.
Reason Foundation used audited financial reports from state governments and the 100 largest cities, counties and school districts to evaluate them in eight measures of financial health.
Reason Foundation Research Director Geoff Lawrence said Illinois is way upside down, with a debt ratio of 276%.
Lawrence said Chicago residents are facing heavy city and county debt.
The report also flagged Illinois for liabilities per capita and unrestricted net position.
Story from Illinois Radio Network
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