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What Policymakers Should Know About the Fiscal Impact of COVID-19 on Illinois

What Policymakers Should Know About the Fiscal Impact of COVID-19 on Illinois

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It is too early to precisely quantify the fiscal gap that is likely to be created by reductions in state revenue and increases in the cost of delivering state services but we believe that it will almost certainly cost billions of dollars and possibly cost tens of billions of dollars. In the coming weeks, we plan to release research reports that address fiscal and economic issues being created by the COVID-19 pandemic"

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