#DoTheMath · City of Joliet, IL

Does Joliet own more than it owes?

A plain-English look at the city's finances, built entirely from its own audited annual reports (2014–2024). Three ways in — pick one.

By the numbers, Joliet's net financial position is about −$1.24 billion — it owes far more than it owns, driven by pension and retiree-health promises and debt. Here's the story, three ways:

The explainer

Does Joliet own more than it owes?

The full kitchen-table walkthrough — how the −$1.24B is built, what's in it, and the repair bill the books leave out.

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The deep dive

Joliet's Fiscal Health: Decoded

Seven indicators over eleven years, charted with the Strong Towns Finance Decoder method. Where the math strains — and the one line holding up.

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The 30-second version

One number, with a toggle

Just the headline: the net financial position, and what happens when you add the off-the-books repair bill.

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