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  • Flash Index improves to 96.6 in April | Institute of Government and Public Affairs
    improvement in the state The University of Illinois Flash Index climbed to 96 6 in April up three tenths of a point from the previous month The Flash Index moved upward for the 12th time in the past 13 months but remains well below 100 which marks the division between economic decline and economic growth in the state The low point for the index in the recent depression was 90 0 in September 2009 However the index remains well below its pre recession high of 107 4 set in April 2007 This pattern of slow growth in Illinois is consistent with the recently announced 1 8 percent growth rate in the national Gross Domestic Product for the first quarter of 2011 and the slow rate of decrease of the unemployment rate for the state and nation said U of I economist J Fred Giertz who compiles the Flash Index for the university s Institute of Government and Public Affairs The economic expansion remains sluggish by comparison to other recoveries but at least the signs are positive The unemployment rate in Illinois continued to fall in April dropping for the 14th consecutive month to 8 8 percent Sales tax receipts for the month were up slightly in real terms from the same month last year Giertz said After adjusting for the rate increase approved in January both individual income tax and corporate receipts were down from the same month last year April is a strong month for individual income receipts because of final payments that accompany tax filings Giertz said Since the final payments were based on 2010 rates and not the current rates collections were not particularly strong in April The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax

    Original URL path: http://igpa.uillinois.edu/flash-index/2011/april-0 (2016-02-17)
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  • U of I Flash Index continues steady improvement; Climbs to 96.1 in February | Institute of Government and Public Affairs
    recovery remains painstakingly slow as measured by the University of Illinois Flash Index The Illinois economy continues to recover from recession but the pace of that recovery remains painstakingly slow as measured by the University of Illinois Flash Index The Flash Index which uses state tax receipts to gauge the Illinois economy each month reached 96 1 in February The improvement from 95 9 the previous month stretched the string of continuous improvement to 10 consecutive months but the two tenths of a point increase was the smallest during this period The Flash Index was last above 96 in February 2009 when it was on its way to a recession low of 90 0 in September of that year Note that the recession technically ended in June 2009 even though unemployment remains extremely high and the index has yet to reach 100 which marks the division between economic decline and growth said U of I economist J Fred Giertz who compiles the Flash Index for the University s Institute of Government and Public Affairs Slow recoveries are typical in recessions accompanied by a financial panic as occurred in the fall of 2008 Similar to the issues encountered with the tax amnesty in November 2010 the determination of the index in February was complicated by the impacts of the recent individual and corporate income tax increases Giertz said The revenue numbers for February represented both changes in economic activity as well as the impact of higher tax rates so it was necessary to disaggregate the two impacts he said The full impact of the tax increase approved by the General Assembly in January may take several months to become fully incorporated in the revenue numbers Giertz said The Flash Index is a weighted average of Illinois growth rates in corporate earnings

    Original URL path: http://igpa.uillinois.edu/flash-index/2011/february (2016-02-17)
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  • U of I Flash Index jumps one full point in January to 95.9 | Institute of Government and Public Affairs
    Study Centers Office of Public Leadership Regional Economics Applications Laboratory U of I Flash Index jumps one full point in January to 95 9 The Illinois economy remains in a state of decline according to a key monthly indicator but the outlook for recovery is growing brighter The University of Illinois Flash Index increased in January to 95 9 a full point higher than the 94 9 posted in December The index which uses state tax receipts as a measure of economic activity has increased for eight consecutive months but remains below 100 which is the level that marks the dividing line between economic decline and growth The increase in the Flash Index over the past eight months is reinforced by recent reports that national economic growth has been stronger than expected said University of Illinois economist J Fred Giertz who compiles the index for the Institute of Government and Public Affairs Gross Domestic Product growth was estimated at 3 2 percent in the fourth quarter of 2010 he said This growth has had a small impact on bringing down unemployment rates The national rate stands at 9 4 percent while the Illinois rate in December was 9 3 percent both very high despite the improvement in the economy indicating it will take more time to achieve full recovery from the 2007 2008 recession In real terms individual income tax and sales tax collections increased from the same month last year while the corporate income tax was down slightly The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then calculated for the 12 month

    Original URL path: http://igpa.uillinois.edu/flash-index/2011/january (2016-02-17)
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  • IGPA economist J. Fred Giertz discusses tax increases on NPR's "On Point" | Institute of Government and Public Affairs
    2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory IGPA economist J Fred Giertz discusses tax increases on NPR s On Point IGPA economist J Fred Giertz who tracks the Illinois economy each month with the University of Illinois Flash Index was part of a panel discussion regarding state budgets and taxes on National Public Radio s On Point program on January 18 2011 Listen to this

    Original URL path: http://igpa.uillinois.edu/media/giertz-on-point-radio (2016-02-17)
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  • Transforming Medicaid in an Era of Health Reform: State Efforts to Thrive, While Hoping to Survive | Institute of Government and Public Affairs
    About Archive Illinois Budget Policy Toolbox Illinois Economic Review Opinion Monitor Trends in Racial Attitudes Library Policy Forum Search Programs Events Douglas Ethics Award Edgar Fellows Program NEW Leadership Illinois IGPA State Summit Family Impact Seminars 2015 Seminar 2014 Seminar 2013 Seminar 2012 Seminar 2011 Seminar 2010 Seminar 2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory Transforming Medicaid in an Era of Health Reform State Efforts to Thrive While Hoping to Survive Charles Milligan of the Hilltop Institute at the University of Maryland Baltimore County spoke at the IGPA State Summit on Medicaid regarding the impact of health care reform on the joint federal state program He discussed the growth in the Medicaid program nationally in the past few years the increases in eligibility to come under the health care reform law and the limitations that states will face as the reform law takes effect View the presentation PDF Content Taxonomy Research Related Content Revenue spending at midpoint of FY16 Illinois economic slowdown is consistent with national trend State s economic growth slowed considerably at end of 2015 Search the web Search igpa uillinois edu Search igpa uillinois edu library IGPA Site IGPA Library The Institute

    Original URL path: http://igpa.uillinois.edu/media/state-summit-milligan (2016-02-17)
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  • Research | Institute of Government and Public Affairs
    Fred Giertz Don Fullerton discusses energy policy in WCIA WCFN interview IGPA faculty member Don Fullerton discusses some of the energy plans of President Elect Barack Obama in an interview for The Morning Show on WCIA WCFN TV Don Fullerton on The Morning Show Fred Giertz discusses the October 2008 U of I Flash Index The University of Illinois Flash Index the first monthly barometer of the Illinois economy dropped to 100 6 in October down from 101 1 in September This is the Flash Index s lowest level since August 2004 IGPA economist J Fred Giertz discusses the implications of this month s index October 2008 Flash Index commentary by Fred Giertz Learn more about the Flash Index Read more about the October Flash Index For the People Election 2008 IGPA and WILL TV join in the production of For the People Election 2008 a television series that looks at major campaign issues and how Illinois might be affected by the results of the 2008 election IGPA faculty members join WILL s John Paul to discuss these vital issues The series is in four parts airing on public TV stations across the state in October Constitutional Convention with Brian Gaines and Richard Winkel For the People Election 2008 IGPA and WILL TV join in the production of For the People Election 2008 a television series that looks at major campaign issues and how Illinois might be affected by the results of the 2008 election IGPA faculty members and others join WILL s John Paul to discuss these vital issues The series is in four parts airing on public TV stations across the state in October Economy with Dan McMillen and Elizabeth Powers For the People Election 2008 IGPA and WILL TV join in the production of For the People

    Original URL path: http://igpa.uillinois.edu/igpa-research?page=11 (2016-02-17)
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  • The Illinois Economy: Current and Future Fiscal Challenges | Institute of Government and Public Affairs
    Laboratory The Illinois Economy Current and Future Fiscal Challenges Illinois faces a long list of fiscal challenges a fall 2010 deficit close to 12 3 billion rapidly increasing health care costs and a high unemployment rate Economists predict that the state s economic recovery will be slow ensuring economic and fiscal stress will be likely for some time to come The public finance experts at IGPA have put together these

    Original URL path: http://igpa.uillinois.edu/media/illinois-economy-current-and-future-fiscal-challenges (2016-02-17)
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  • Fiscal Fallout 3: As far as the eye can see…Illinois' structural deficit | Institute of Government and Public Affairs
    2013 Seminar 2012 Seminar 2011 Seminar 2010 Seminar 2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory Fiscal Fallout 3 As far as the eye can see Illinois structural deficit The third in the series of informational features that describe findings from IGPA s Fiscal Futures Project looks more closely at the structural deficit that Illinois faces Read Fiscal Fallout Content Taxonomy Research Related Content Revenue spending

    Original URL path: http://igpa.uillinois.edu/media/FF3 (2016-02-17)
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