Charting Illinois's Fiscal Future: Dealing with Structural Deficits and the Implications of High Levels of Future Debt
The conference co-sponsored by the Federal Reserve Bank of Chicago and the Institute of Government and Public Affairs at the University of Illinois investigated the implications of fiscal insolvency as manifested by structural budget imbalance and high levels of state and local debt on government operations and economic growth. The program investigated models for improving budgeting transparency and accountability while examining strategies for unwinding existing obligations while minimizing economic fallout.
A Chicago Fed Letter is available summarizing the event.Last Updated: 06/28/2010