J. Fred Giertz http://wuis.org en Interfund Borrowing No One's First Choice For Budgeting http://wuis.org/post/interfund-borrowing-no-ones-first-choice-budgeting <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>The budget passed by the Illinois General Assembly does not rely on extending the 2011 income tax hike, as originally planned by Democratic leadership. Instead, it's based on state government borrowing from itself.</p><p></p><p><span style="line-height: 1.5;">Instead of making the five percent income tax rate permanent or chopping away at government programs, lawmakers opted to fill a massive hole in state revenues by doing something called "</span>interfund<span style="line-height: 1.5;"> borrowing."</span></p> Mon, 02 Jun 2014 03:10:53 +0000 Hannah Meisel 26392 at http://wuis.org Interfund Borrowing No One's First Choice For Budgeting 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. Slow Economic Growth Due To Harsh Winter Weather http://wuis.org/post/slow-economic-growth-due-harsh-winter-weather <p></p><p>Illinois' economic growth slowed in February and a University of Illinois economist says you can probably blame it on the weather.&nbsp;</p> Tue, 04 Mar 2014 15:56:28 +0000 Associated Press 20140 at http://wuis.org Slow Economic Growth Due To Harsh Winter Weather