Fiscal Fallout No. 3

October 11, 2010

Fiscal Fallout No. 3

As far as the eye can see...Illinois' structural deficit

If a state consistently experiences conditions in which costs are projected to increase faster than revenue, even in non-recession years, this is considered a “structural deficit.” With a structural deficit, crisis conditions become the new normal. IGPA’s Fiscal Futures model finds strong evidence of a structural deficit in Illinois, due to the projection that spending is growing faster than receipts.


(.PDF 147.3 KB)

Research Area: Fiscal and Economic Policy

Policy Initiative: none