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  • Why doing nothing is not a feasible option | Institute of Government and Public Affairs
    expedients to manage the structural deficit including speeding up revenue collections slowing payments to state contractors the diversion of non general funds to bolster the general fund pension underfunding and one time revenues from asset sales and leasebacks But the do nothing option comes with great risk and long term consequences First barely avoiding insolvency is not a mark of success since chronic fiscal problems contribute to Illinois underperforming economy Second financial problems may grow slowly for a time but they can escalate out of control quickly and unexpectedly Finally the uncertainty created by a muddle through strategy is in itself counterproductive At best a muddle through approach may allow the state to continue its activities for a fairly long period but with a continuing and deepening pernicious impact on the state economy At worst and likely at some point it can lead to sudden and disastrous consequences Click here to read why doing nothing is not a feasible option PDF Recent Content Let s change how we make state budgets Higher education is a smart investment for Illinois The Illinois Budget Policy Toolbox Webinar Series Toolbox Fundamentals The Illinois Budget Policy Toolbox Webinar Series IGPA is teaming up with

    Original URL path: http://igpa.uillinois.edu/budget-toolbox/content/why-doing-nothing-not-feasible-option (2016-02-17)
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  • Competing Goals of Budget Reform | Institute of Government and Public Affairs
    future tax liabilities for those who must make decisions about how much to work and invest Often these goals are not consistent with each other so policymakers in state government must make tradeoffs among them Regarding the sales tax for example economic efficiency is advanced by a using a broad tax base on all goods and services in order to apply low rates while a fair distribution of the tax burden may require exempting necessities like food and medicine The best policy package is one that results from a process that recognizes all these goals and is aware of the tradeoffs with conscious decisions about what is most important for the citizens of Illinois Click here to read Fullerton s essay on competing goals of budget reform PDF Recent Content Let s change how we make state budgets Higher education is a smart investment for Illinois The Illinois Budget Policy Toolbox Webinar Series Toolbox Fundamentals The Illinois Budget Policy Toolbox Webinar Series IGPA is teaming up with U of I Extension Local Government Information and Education Network to host monthly webinars on topics from the Illinois Budget Policy Toolbox Illinois Economic Condition Illinois economy is struggling to recover from the

    Original URL path: http://igpa.uillinois.edu/budget-toolbox/content/competing-goals-budget-reform (2016-02-17)
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  • Illinois Economic Review shows more job growth in state | Institute of Government and Public Affairs
    Seminar 2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory Illinois Economic Review shows more job growth in state The latest Illinois Economic Review from the Regional Economics Applications Laboratory shows that the state s employment picture continues to improve with more than 70 000 jobs added between March 2014 and March 2015 Read the full review Attachment Size IER Apr2015 pdf 2 42 MB Related Content

    Original URL path: http://igpa.uillinois.edu/content/illinois-economic-review-shows-more-job-growth-state (2016-02-17)
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  • Illinois Economic Review continues to show positive signs through 2015 | Institute of Government and Public Affairs
    Applications Laboratory Illinois Economic Review continues to show positive signs through 2015 The latest edition of the Illinois Economic Review from the Regional Economics Applications Laboratory indicates job growth is expected to continue throughout the coming year The latest reports indicate employment numbers in Illinois have rebounded steadily in recent months as recovery from the last decade s recession continues Read the full report Attachment Size IER Mar 2015 pdf

    Original URL path: http://igpa.uillinois.edu/content/illinois-economic-review-continues-show-positive-signs-through-2015 (2016-02-17)
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  • Illinois Economic Review | Institute of Government and Public Affairs
    Regional Economics Applications Laboratory shows Illinois lost 3 200 jobs during December However the 3 month average indicates that job numbers are on an upward trend Illinois Economic Review from REAL shows continued job growth in state Body Analaysts at the Regional Economics Applications Laboratory say the number of jobs in Illinois continues to grow Data in the latest Illinois Economic Review show that Illinois has added more than 60 000 jobs since February 2012 however there is still much ground to recover The state still has 198 000 fewer jobs than it did at the beginning of the recession in December 2007 Economic Review from REAL shows jobs increasing in Illinois Body IGPA s Regional Economics Applications Laboratory REAL says Illinois had nearly 42 000 more jobs in December 2012 than in December 2011 However REAL s Illinois Economic Review says the state still shows a net loss of 270 000 jobs since the beginning of the recession in December 2007 Read the full review Illinois Economic Review shows three month moving average of jobs is up by 4 100 jobs per month Body The latest Illinois Economic Review prepared by IGPA s Regional Economics Applications Laboratory REAL shows Illinois gained 6 500 jobs in February 2012 compared with 3 900 job gains in January 2012 Illinois has added 32 000 jobs since February 2011 The Illinois official unemployment rate fell for the sixth consecutive month dropping 0 3 to 9 1 percent Illinois Economic Review shows more job gains in state Body The latest Illinois Economic Review prepared by IGPA s Regional Economics Applications Laboratory shows Illinois gained just over 29 000 jobs between Jan 2011 and Jan 2012 However the state still has 306 000 fewer jobs now than it did in Dec 2007 Read the full

    Original URL path: http://igpa.uillinois.edu/illinois-economic-review?page=1 (2016-02-17)
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  • Illinois Economic Review | Institute of Government and Public Affairs
    work in Illinois continues to improve slowly according to an analysis of employment produced by IGPA s Regional Economic Applications Laboratory IGPA analysis indicates Illinois job market continues to improve slowly Body The Illinois Economic Review a publication of IGPA s Regional Economics Applications Laboratory indicates that the labor market in Illinois continues to slowly improve Illinois had 46 300 more jobs in December 2010 than it had a year earlier Illinois Economic Review shows state gained 8 000 jobs in October Body Illinois continues to show slow recovery from the recession and accompanying sky high unemployment according to the latest edition of the Illinois Economic Review The Review produced by IGPA s Regional Economic Applications Laboratory shows the state gained about 8 000 jobs in October and shows that the state added 14 400 jobs between October 2009 and October 2010 Read the full review Illinois Economic Review shows state added 8 600 jobs in September Body Illinois added an estimated 8 600 jobs in September according to the Illinois Economic Review published by IGPA s Regional Economics Applications Laboratory The review also shows that the manufacturing sector in Illinois added jobs for the seventh consecutive month September was the eighth month this year that Illinois added jobs Read the review Illinois Economic Review shows revised job loss figure of 7 200 in past 12 months Body The Illinois Economic Review produced by IGPA s Regional Economics Applications Laboratory indicates the state lost 4 200 jobs in August with private sector growth virtually unchanged Read the latest Review Illinois Economic Review adds Recovery Barometer to August monthly report Body The Illinois Economic Review produced by IGPA s Regional Economics Applications Laboratory has added a new monthly recovery barometer which is designed to indicate the pace of Illinois recovery toward

    Original URL path: http://igpa.uillinois.edu/illinois-economic-review?page=2 (2016-02-17)
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  • Illinois Economic Review | Institute of Government and Public Affairs
    that several factors affect January employment data A more reliable three month moving average remained in negative territory in January Read the entire review Illinois loses another 16 200 jobs in December 2009 Illinois Economic Review Body Illinois lost an average of 19 200 jobs per month during 2009 according to the Illinois Economic Review produced by IGPA s Regional Economics Applications Laboratory The review compiled each month by Professor Geoffrey Hewings indicates the state lost more than 16 000 jobs in December Read the full review Illinois Economic Review shows 6 300 more jobs lost in November Body Job losses in Illinois continued to mount in November bringing the total for the past 12 months to more than 250 000 according to the Illinois Economic Review compiled by IGPA s Regional Economic Applications Laboratory Read the entire Review Illinois Economic Review for October shows continued job losses for state Body Illinois continued to shed jobs in October raising the total over the past 12 months to 286 300 The Illinois Economic Review produced by the Regional Economics Applications Laboratory at the U of I indicates Illinois job losses continued despite a slight improvement in the rest of the Midwest Read the entire review Illinois Economic Review shows state losing 24 000 jobs per month in 09 Body Illinois has lost an average of nearly 24 000 jobs per month through the first eight months of 2009 according to the Illinois Economic Review The review which is produced by the Regional Economics Applications Laboratory says the loss rate for September was on par with the rest of the Midwest and the nation as a whole Illinois Economic Review Job losses fewer in Illinois during June Body The number of jobs lost in Illinois during June was less than previous months

    Original URL path: http://igpa.uillinois.edu/illinois-economic-review?page=3 (2016-02-17)
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  • Illinois Economic Review | Institute of Government and Public Affairs
    at a slightly higher rate than its Midwest neighbors or the nation as a whole according to the analysis by REAL Illinois Economic Review for February shows continuing loss of jobs Body The February Illinois Economic Review which is produced by IGPA economist Geoffrey Hewings and the Regional Economic Applications Laboratory shows Illinois lost 29 300 jobs in January 2009 slightly fewer than the previous month Illinois continues to lose jobs at a rate about the same as the nation as a whole according to the analysis by REAL Illinois Economic Review January 2009 Body The January 2009 Illinois Economic Review which is produced by IGPA economist Geoffrey Hewings and the Regional Economic Applications Laboratory shows Illinois lost 36 000 more jobs in December 2008 Illinois lost nearly 101 000 jobs in 2008 and is forecast to lose another 147 000 jobs in 2009 according to the analysis by REAL Illinois Economic Review for January shows job losses of nearly 101 000 in 2008 Body The January Illinois Economic Review which is produced by IGPA economist Geoffrey Hewings and the Regional Economic Applications Laboratory shows Illinois lost 36 000 more jobs in December 2008 Illinois lost nearly 101 000 jobs in 2008 and is forecast to lose another 147 000 jobs in 2009 according to the analysis by REAL Read the entire review PDF Illinois Economic Review shows state lost 23 000 jobs in November Body The December Illinois Economic Review which is produced by IGPA economist Geoffrey Hewings and the Regional Economic Applications Laboratory shows Illinois lost 23 000 jobs in November That was the largest single month loss of jobs since 2002 and matched the national rate of decline at nearly 4 percent Read the entire review Illinois Economic Review November 2008 Body The November Illinois Economic Review

    Original URL path: http://igpa.uillinois.edu/illinois-economic-review?page=4 (2016-02-17)
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