Quincy public pensions eat 126% of property taxes,
but each homeowner still owes $35,689 in pension debt

Percentage of Quincy property taxes used for public pensions

Net liabilities for police and fire systems are for fiscal year 2019, while the most recent year of data available for IMRF liabilities is fiscal year 2018. Due to the fungibility of money, "property taxes consumed by pensions" represents a ratio of total municipal property tax collections to total municipal pension costs, irrespective of revenue sources nominally dedicated to pensions and cash flows between accounts.

Chart: @illinoispolicy Source: Author's calculations based on data from U.S. Census Bureau, Commission on Government Forecasting and Accountability, Illinois Comptroller