Local News

There are some looming threats on the horizon for Illinois’ economy, according to the latest report from the Commission on Government Forecasting and Accountability.

COGFA Executive Director Dan Long says the economic forecast they commissioned Moody’s to produce indicates several risks for Illinois, including the continued budget problems. When it comes to other threats, Long says people moving out of the state can impact several sectors from state and local governments to the consumer laden industries.

Long says because of the state’s shaky finances it may take longer for population and jobs to rebound. The Moody’s report says even with Illinois’ advantages, uncertainty stemming from the ongoing financial crisis threatens to discourage firms from locating or remaining in the state.

Local Weather