Chicago - The Cost of Eviction and Unpaid Bills of Financially Insecure Families for City Budgets
This is a brief on the cost of financially insecure families to Chicago, in terms of cost of eviction and unpaid bills. The financial health of cities depends on financially secure residents. When families have little to no savings and experience a disruption in their income or expenses, bills may be missed and consequences such as eviction may result. In Chicago, the government cost of family financial insecurity from eviction and unpaid property taxes and utility bills is estimated to range from $68 million to $157 million of a total annual budget of $7.7 billion.