A Moody’s report predicts the state’s economy will improve but it may be a slow process. | Stock Photo
A Moody’s report predicts the state’s economy will improve but it may be a slow process. | Stock Photo
A new Moody’s report said that Illions can remain a top business contender but that officials have to address rascal problems “that are eroding” its ability to compete.
“Illinois has what it needs to remain a top business center, as long as it can solve the fiscal problems that are eroding its edge in the competition for talent, jobs and capital,” the report said, CapitolFax.com posted to its site.
Fiscal year-based receipts are up by $2.719 billion in Illinois, with the latest figures excluding borrowing and other related activity.
Through February, the combined net income of tax receipts spiraled upward by approximately $2 billion — with overall growth pegged at 2.4%, CapitolFax.com reported.
All the up and down numbers have Moody’s Analytics predicting while the state economy is set for a rebound as COVID-19 pressures subside, it figures to be a slog here in Illinois, CapitolFax.com reported.
Over the long haul, Illinois is expected to lag behind most others, including in the Midwest, as outmigration issues continue to be a drain on the state, CapitolFax.com reported.
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