During the current COVID-19 crisis, the size of the revenue loss depends on the severity and length of the pandemic and economic disruptions. Local and state expenditures will need to protect vulnerable populations from the health and economic consequences, whilst decision-makers worry about Medicaid expenditures, Illinois’ five state pension systems’ finances, and local tax collections. Federal legislation in response to the crisis will not prevent economic and fiscal damage at the state level. Research experts have released reports that address fiscal and economic impacts being created by the COVID-19 pandemic in Illinois. Despite economic data lags, the presenters have begun to analyze the implications of increased unemployment alongside state and national economic shocks. This University of Illinois Extension webinar, co-hosted by the Institute of Government and Public Affairs, University of Illinois System, will cover the reports and current analyses and take questions from participants on how to plan and stay informed for future disruptions and recovery.
Presented by:
Amanda Kass, IGPA Affiliate; Associate Director, Government Finance Research Center, University of Illinois at Chicago
Geoffrey J.D. Hewings, Scholar Emeritus, Institute of Government and Public Affairs, University of Illinois System; Director Emeritus Regional Economics Applications Laboratory, University of Illinois at Urbana-Champaign
Kenneth Kriz, Affiliate, Institute of Government and Public Affairs, University of Illinois System; University Distinguished Professor of Public Administration and Director, Institute for Illinois Public Finance, University of Illinois at Springfield
David Merriman, Senior Scholar, Institute of Government and Public Affairs, University of Illinois System; James J. Stukel Presidential Professor of Public Administration, University of Illinois at Chicago