Wheeler Appointed to Economic Forecasting Commission

This week, House Republican Leader Jim Durkin (R-Western Springs) appointed State Representative Barbara Wheeler (R-Crystal Lake) to the Commission on Government Forecasting and Accountability (CGFA). The commission is tasked with providing economic and financial forecasting information and recommendations to guide policy decisions that will impact Illinois.

“I want to thank House Leader Durkin for selecting me for this responsibility,” said Wheeler. “Due to Illinois’ current financial mess, it goes without saying that the recommendations from the Commission on Government Forecasting and Accountability are hugely important. I hope the work of the commission isn’t merely seen as an arbitrary information source, but used to produce tangible policy that will lead to long-term financial health for our state.”

CGFA consists of 12 members as mandated by the Legislative Commission Reorganization Act of 1984. The four legislative leaders each appoint three members. The commission is mandated to report to the General Assembly "on economic trends in relation to long-range planning and budgeting; and to study and make such recommendations as it deems appropriate on local and regional economic and fiscal policies and on federal fiscal policy as it may affect Illinois..."

CGFA’s reporting includes economic and revenue projections that impact government operations and long-term debt, as well as laws affecting pension, retirement and disability benefits. Annually, the commission produces the following reports: the Revenue Estimate and Economic Outlook, the Legislative Capital Plan Analysis, the Liabilities of the State Employees Group Insurance Program, the Budget Summary, and the Financial Condition of Illinois Public Pension Systems. Special topic reports are also prepared on issues that may impact the state’s economic well-being. 

To learn more about CGFA, Click Here.

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