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Title:TOOLS TO ASSESS BUDGETARY CONCERNS:
Author(s):Merriman, David F.
Subject(s):kiwanis
budgetary
concerns
index
research
government
Champaign
fiscal
policy
Abstract:The downgrade of Illinois’s IDR and related ratings reflects the unprecedented failure of the state to enact a full budget for two consecutive years and the financial implications of spending far in excess of available revenues, which has resulted in increased accumulated liabilities and reduced financial flexibility. Even if the current attempts at a resolution to the extended impasse prove successful, Fitch believes that the failure to act to date has fundamentally weakened the state’s financial profile.
Issue Date:2017-02-02
Publisher:Institute of Government & Public Affairs
Genre:Presentation / Lecture / Speech
Type:Text
URI:http://hdl.handle.net/2142/110217
Date Available in IDEALS:2021-07-28


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