Fiscal and Economic Issues Illinois

Slides:

Advertisements

Similar presentations

Medicaid at the Crossroads Cindy Mann Center for Children and Families Georgetown University Health Policy Institute Medicaid Summit.

Advertisements

The Federal Government’s Budget. The government ’ s fiscal year runs from April 1 to March 31. The upcoming budget will estimate revenues and expenditures.

Can Vermont Afford to Grow Old? Prepared for Conference on Shaping America’s Fiscal Future Art Woolf August 19, 2010.

Connecticut’s Spending Cap is in Need of Repair Update February 2007.

The Debt Crisis. Key things to know What is the national debt? the sum of all federal bills, notes and bonds that have been issued by the Treasury and.

Deficits and Debt. The Budget Process Taxes, especially personal income taxes, provide most of the federal government’s revenue.  The federal budget.

Introduction to Macroeconomics

Table 9.2Trend in Real GDP per Capita and Productivity (annual rates) Growth in real GDPin output per capitaper worker hour Year (%) (%) 1960–

McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. CHAPTER 1 INTRODUCTION.

CHAPTER 1 Introduction Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

The Hilltop Health Care Reform Simulation Model Hamid Fakhraei, Ph.D. July 2012.

Seward Public Schools Annual Report on Budget and Finance.

SS8E4: The student will identify revenue sources for and services provided by state & local governments A. Trace sources of state revenue such as sales.

State Fiscal Outlook NABE December 15, 2009 Scott Pattison Executive Director National Association of State Budget Officers 444 North Capitol Street, NW,

© Center for Tax and Budget Accountability CENTER FOR TAX AND BUDGET ACCOUNTABILITY 70 E. Lake Street Suite 1700 Chicago, Illinois direct:

Budget Workshop Fiscal Year 2011 December 4, 2009.

Executives Rank Indiana Best First in the Midwest and 11th nationally 2009 Best Places for Business survey of more than 500 chief executives March, 2009.

1 Fiscal Policy SECTION 1: Defining Fiscal Policy SECTION 2: Fiscal Policy Strategies SECTION 3: Fiscal Policy and the Federal Budget CHAPTER 15.

Presented to 2009 Tennessee Federal Tax Conference William F. Fox, Director Center for Business and Economic Research The University of Tennessee, Knoxville.

State Fiscal Outlook for 2008 NASCIO January 16, 2008 Scott Pattison Executive Director National Association of State Budget Officers 444 North Capitol.

Tennessee Economy and State Budget Outlook FISCAL REVIEW COMMITTEE STAFF January 20, 2010.

State Finances NASACT Santa Fe August 13, 2014 Scott Pattison Executive Director National Association of State Budget Officers 444 North Capitol Street,

May 2009 FINANCIAL SUMMARY Saint Louis Public Schools May 2009 Monthly Financial Report FISCAL YEAR Financial Report May 2009 Year-To-Date.

BULL OR BEAR: The Business Climate in North Carolina.

Fiscal Policy How the government collects and spends money to meet broad economic goals.

State Fiscal Outlook New England Board of Higher Education Boston, MA December 5, 2008 Brian Sigritz Staff Associate National Association of State Budget.

HOLLIDAYSBURG AREA SCHOOL DISTRICT BUDGET INFORMATION SESSIONS.

FIVE YEAR FINANCIAL FORECAST OCTOBER 2012 Cleveland Municipal School District The primary goal of the Cleveland Municipal School District is to become.

FISCAL YEAR 2012 – st Interim Report December 19th, 2012.

MACRO ECONOMICS.

Presentation for Connecticut Alliance for Basic Human Needs 11/18/2016

ARIZONA STATE GOVERNMENT REVENUE January 2017

NWSOFA Fiscal & Economic Issues

Board Budget Workshop May 23, 2017.

Queen Anne’s County Commissioners FY2018 Proposed Budget April 24, 25, 26, 2017 Gregg A. Todd, County Administrator Jonathan R. Seeman, Director,

HOLLIDAYSBURG AREA SCHOOL DISTRICT

Funding Public Services for the 21st Century

FY17 Proposed Budget Fiscal Year

Cambrian School District

INTRODUCTION Chapter 1.

Historical and Projected Average Annual Growth Rate in Medicare Spending Per Capita and Other Measures Actual ( ) Projected ( ) 2594, 2956.

Hearing for the 2017 Budget & Levy December 1, 6:00 pm

Mark J. Ryan, Deputy Director Independent Fiscal Office

Chicago Paint & Coatings Association

2017 Financials December 2017.

CHAPTER 1 INTRODUCTION.

National Association of State Budget Officers

Setting Tax Rate for FY Budget Workshop September 5th, 2018.

INTRODUCTION Chapter 1.

Preliminary 2015–17 Operating Budget Outlook

Chicago Paint & Coatings Association

Fiscal and Economic Issues Discussion Group - Illinois

Fiscal and Economic Issues Illinois

Mechanicsburg Area School District

ECONOMICS: November 5 Learning Target #1

Driving Indiana’s Economic Growth

Fiscal and Economic Issues Discussion Group

Taxes and Fiscal Policy

NWSOFA Fiscal & Economic Issues

Proposed Budget and Tax Hearing

Fiscal and Economic Issues Illinois

INTRODUCTION Chapter 1.

Unit 5: Fiscal and Monetary Policy

Fiscal and Economic Issues Discussion Group

California’s Fiscal Outlook

The National Debt and Deficits

Show Me the Money! EQ: How is government revenue generated in Georgia, and how are these funds used?

Do Now Write out the three branches of Minnesota state government.

2016 Fiscal Year Budget Amendment I

Oak Park Elementary School District 97 Presentation of FY 2020 Final Budget September, 2019.

Presentation transcript:

Fiscal and Economic Issues Illinois August 2018 Meeting 1 1

At the state level, Illinois’ spending in 2016 was not high compared to other states https://www.kff.org/other/state-indicator/per-capita-state-spending/ Notes Data are for state fiscal year 2016 and include general fund, federal funds, other state funds, and bonds. Sources KCMU calculations based on adjusted data collected in the National Association of State Budget Officers (NASBO) http://www.nasbo.org/mainsite/reports-data/state-expenditure-report, November 2016; and the U.S. Census Bureau http://www.census.gov/data/datasets/2016/demo/popest/state-total.html 2

Illinois State and Local Spending is Slightly Above Average Source: https://www.taxpolicycenter.org/statistics/state-and-local-general-expenditures-capita 3

Illinois has high property taxes, but that is NOT a state government issue 4

Most States have Regressive State and Local Taxes 5

Illinois has the 5th most regressive state and local tax structure in the country (2015) 6

Illinois Unpaid General Funds Bills 7

Jobs in Illinois (Non-Farm / 000’s) 8

Illinois Job Growth - Fiscal Years 2009 – 2018 (in thousands)