IGPA

Jobs
6:00 am
Fri April 18, 2014

Employment Improves, But Illinois Still Lags U.S.

The Illinois State Capitol, in a fog.
Credit Amanda Vinicky/WUIS

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.

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.

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.

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New IGPA Report
7:15 am
Tue January 21, 2014

Budget Gap To Increase Despite Pension Overhaul

Credit Brian Mackey/WUIS

Illinois' pension overhaul is tied up in a court challenge.  But even if it remains law, cuts to state employees' and public school teachers' retirement benefits will not solve the state's budget problem.  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.

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Fiscal Focus
4:30 pm
Tue October 29, 2013

Report: Deficit Expected Even If Tax Hike Stays

Credit flickr/borman18

  Even if Illinois keeps its higher income tax rate, a new report projects the state is headed toward deficit spending. 

Illinois residents are paying a 5-percent tax on their income. It's been that way since 2011.

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.

But economist David Merriman, who directed the project, says that won't last.

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