IGPA http://wuis.org en Employment Improves, But Illinois Still Lags U.S. http://wuis.org/post/employment-improves-illinois-still-lags-us <p>The latest state job numbers are out and the news for Illinois is mixed. The unemployment rate is down. But fewer people were hired than expected, and Illinois still lags the nation.</p><p>Illinois' March unemployment rate is 8.4 percent. That's the best it's been in more than five years, but it's still among the worst rates in the country.</p><p>On top of that, officials blame the unseasonably cold weather for the fact that fewer jobs were added in March than in the previous month.</p> Fri, 18 Apr 2014 11:00:50 +0000 Brian Mackey 23245 at http://wuis.org Employment Improves, But Illinois Still Lags U.S. Budget Gap To Increase Despite Pension Overhaul http://wuis.org/post/budget-gap-increase-despite-pension-overhaul <p>Illinois' pension overhaul is tied up in a court challenge.&nbsp; But even if it remains law, cuts to state employees' and public school teachers' retirement benefits will not solve the state's budget problem.&nbsp; That's the forecast from a report issued today by the University of Illinois' Institute for Government and Public Affairs. Amanda Vinicky spoke with the report's principle author, economist Richard Dye.</p><p></p> Tue, 21 Jan 2014 13:15:00 +0000 Amanda Vinicky 17328 at http://wuis.org Budget Gap To Increase Despite Pension Overhaul Report: Deficit Expected Even If Tax Hike Stays http://wuis.org/post/report-deficit-expected-even-if-tax-hike-stays <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Even if Illinois keeps its higher income tax rate, a new report projects the state is headed toward deficit spending.&nbsp;</p><p><span style="line-height: 1.5;">Illinois residents are paying a 5-percent tax on their income. It's been that way since 2011.</span></p><p>According to a new report from the University of Illinois' Institute of Government and Public Affairs, that tax money helped balance Illinois' budget this year.</p><p>But economist David Merriman, who directed the project, says that won't last.</p> Tue, 29 Oct 2013 21:30:37 +0000 Amanda Vinicky 11953 at http://wuis.org Report: Deficit Expected Even If Tax Hike Stays