Economic Policy

Exploration of the intersection of policy and economic trends, public finance, and economic development

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IGPA Experts use cutting edge social science research methods to analyze public policy. Our independent evidence and analysis is non-partisan, data-driven, and based in the best academic scholarship available.
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Life at the edge

Authors

  • Cedric Herring

Chapter 4 of The Illinois Report 2013

This report examines precarity and economic insecurity in the United States and Illinois. Precarity is a condition that exists when there is little predictability or security with respect to a person’s material well-being or psychological welfare. The author provides an overview of patterns that undergird precarity by presenting trends in economic well-being before, during and after the Great Recession.


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(.PDF 1.02 MB)

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Rethinking property taxation

Authors

  • Nathan B. Anderson
  • Rob Ross

Chapter 3 of The Illinois Report 2013

This report takes a look at local governments’ biggest source of revenue: property taxes. The authors provide a primer on how the taxes are calculated, and new formulas for understanding an individual’s tax share. The authors also propose an alternative format for local property tax statements that can be used to better communicate answers to taxpayers who wonder why their property tax liability has changed.


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(.PDF 3.17 MB)

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And miles to go before it's balanced

Authors

  • Nancy Hudspeth
  • Andrew Crosby

Chapter 2 of The Illinois Report 2013

This report discusses decisions that must be made now to set the state budget on a path toward balance. The authors observe that although progress has been made toward sustainability through policies implementing cost reductions (especially in health care) and increased revenue (through income and cigarette taxes), the state will need to focus on a longer-term strategy going forward.


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(.PDF 1.63 MB)

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After the Great Recession, where is the Great Recovery?

Authors

Chapter 1 of The Illinois Report 2013

This report provides a broad overview of trends in economic growth that demonstrate a slow but steady recovery from the Great Recession. The state still faces a precarious situation with stagnant job growth. Economic development, and especially job growth, will continue to be a focus for the recovery in 2013.


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(.PDF 1.01 MB)

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Illinois' pension puzzle

Authors

Chapter 5 of The Illinois Report 2012

This report examines the state of public pension systems in Illinois entering 2012.


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(.PDF 363.48 KB)

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Through a dark glass

Authors

  • Nancy Hudspeth

Chapter 4 of The Illinois Report 2012

This report examines the fiscal conditions in Illinois heading into 2012, considering a temporary increase in the state income tax, a long-term budget projections, budget transparency and policy options that could make state financial reports more transparent.


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(.PDF 700.02 KB)

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The painfully slow recovery continues

Authors

Chapter 3 of The Illinois Report 2012

This report reviews economic conditions in Illinois at the beginning of 2012.


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(.PDF 416.77 KB)

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Declining house prices and property taxes in Illinois

Authors

  • Daniel P. McMillen

Chapter 3 of The Illinois Report 2011

This report reviews evidence of the relationship between property values and taxes, concluding that falling property values do not necessarily lead to lower property taxes.


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(.PDF 504.46 KB)

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Titanic and sinking: The Illinois budget disaster

Authors

  • Nancy Hudspeth

Chapter 2 of The Illinois Report 2011

This report reviews the dire fiscal situation facing the state of Illinois at the start of 2011 and examines the difficult policy questions facing state lawmakers and officials.


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(.PDF 305.44 KB)

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Illinois' economy: Past trends, current challenges, future prospects

Authors

  • Xuan Yin

Chapter 1 of The Illinois Report 2011

This report reviews economic conditions in Illinois entering 2011.


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(.PDF 568.25 KB)

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Policy Initiative: none

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