J. Fred Giertz

Budget FY15
10:10 pm
Sun June 1, 2014

Interfund Borrowing No One's First Choice For Budgeting

Credit Brian Mackey/WUIS

  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.

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 "interfund borrowing."

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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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Economy
9:56 am
Tue March 4, 2014

Slow Economic Growth Due To Harsh Winter Weather

Credit flickr/kb35

Illinois' economic growth slowed in February and a University of Illinois economist says you can probably blame it on the weather. 

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