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COGFA Says Illinois Threats Include Uncertainty

While the U.S. and Midwest are seeing decreasing unemployment rates, Illinois’ seems to be headed the other way, and that’s just one of the threats the state’s Commission on Government Forecasting and Accountability sees in a new report.

Continued uncertainty was one of the threats outlined in a Moody’s economic forecast about Illinois commissioned by COGFA. Dan Long, executive director of COGFA, says Illinois’ unemployment rate is increasing while other areas of the U.S. and the nation as a whole have decreasing unemployment rates. Long says companies don’t like the Land of Lincoln’s uncertainty.

The Moody’s report says manufacturing and transportation businesses could be weary of coming to Illinois because it’s unclear if their taxes will increase to help pay off Illinois’ growing deficit.

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