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Illinois especially vulnerable to financial fallout from coronavirus, public finance expert says

MARCH 16, 2020 | by Jamie Munks, Dan Petrella | JOURNAL GAZETTE & TIMES-COURIER (ILLINOIS)

By Jamie Munks and Dan Petrella (Chicago Tribune), includes “… ‘we don’t know what the depth and breadth of the coronavirus will be in terms of its effects on the overall economy.’ … State and local government spending on prevention efforts and in response to coronavirus spread will also affect Illinois’ overall financial picture. Such spending is expected to continue to escalate, but federal aid could offset some of that -- although how much the state will get is yet another unknown.”

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