Browse IGPA Reports by Author "Hudspeth, Nancy"
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Illinois Still Has Serious Fiscal Problems after December 2013 Pension Law Changes FISCAL PROJECTIONS Dye, Richard; Merriman, David; Hudspeth, Nancy (Institute of Government & Public Affairs, 2014-01-30)Illinois has a chronic, structural fiscal problem so huge that it cannot be eliminated by increases in economic growth alone, increases in taxes alone, or—alas— aggressive pension changes alone.1 In early December 2013 the ...
Merriman, David F.; Dye, Richard; Hudspeth, Nancy (Institute of Government & Public Affairs, 2014-02-20)Are we looking at a crisis or a chronic condition? Illinois’ fiscal situation has been precarious for at least a decade – and much longer if pension liabilities are considered. From FY 2003 to 2008, which were good years ...