State commission says ‘COVID-19 Recession’ could be $8 billion hit – Center Square

The new report from the Commission on Government Forecasting and Accountability included a projection of state revenues and expenditures for the next three years under different scenarios. The report also highlighted threats to the state’s budget forecast, including it’s outstanding bill backlog of more than $8 billion,  unfunded pension liabilities of more than $137 billion, and the uncertainty around what it called the “COVID-19 Recession.”

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE