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John Nothdurft: $34 Billion Local Government Burden in Cook County, Ill.

July 1, 2013

A new report by The Heartland Institute and the Institute for Truth in Accounting shows the 518 local taxing districts in Cook County, Ill., have nearly $34 billion in debts and unfunded liabilities, putting the county's average per-household financial burden at more than $17,000. Study co-author John Nothdurft explains.