U of I

U Of I Flash Index Rose .4 Since Last Month

Feb 3, 2015
Institute of Government and Public Affairs, U of I

The Illinois economy is at its highest level in nearly a year. 

The U of I’s Flash Index measured 106.8 in January, up four-tenths of a point from the month before.

The Index rose to 107 last winter. But since then, economist Fred Giertz says the state’s economy measured in the 106 range.

facebook.com/missingvicentemundo

The family of missing University of Illinois student Vicente Mundo confirmed he is dead. 

Mundo’s body was found in Savoy on Saturday, and the family identified the remains as a match. The Champaign County Sheriff’s Office says they are treating the case as a homicide.

Mundo was 20 years old and a junior at the U of I, studying statistics. He had been missing since Jan. 25, when he told friends he was going to his car and would be right back.

Institute of Government and Public Affairs, U of I

There is no easy way to repair Illinois’ chronic annual deficit. That’s according to the U of I’s Institute of Government and Public Affairs. 

An analysis from the university's Fiscal Futures Project says the state currently faces a $9 billion annual deficit that will grow to $14 billion in about a decade.

Officials say the state hasn't paid the $159 billion debt, which is more than twice the inflow of revenue in a single year. Solving the debt problem will require a long-term plan that includes tax increases, spending cuts and economic growth.

University of Illinois / illinois.edu

The University of Illinois will get a grant to catalog a collection of rare Italian books it's had for more than nine decades. 

U of I says its Rare Book & Manuscript Library will use the nearly half a million dollar grant to catalog more than 20,000 imprints from the 16th through 19th centuries. 

Northern Illinois University and U of I are part of an interlibrary loan system, but NIU generally would not have access to U of I's rare books and vice-versa.

WNIJ

You might notice roads and bridges in need of repair as you drive around this holiday weekend. But revenue from a key funding source, the gas tax, has been declining.  It's charged per gallon of gas purchased. U of I professor Don Fullerton says it was created on a simple concept:

"The more you drive, the more gas you use.  The more you ought to have to pay for the road. It's sort of a benefit principle of taxation."

Improved mileage in vehicles means less gas is being used. Fullerton says change is needed to keep up with demand:

U of I College of Medicine at Rockford

The head of the University of Illinois College of Medicine at Rockford is moving on. Regional Dean Dr. Martin Lipsky announced his resignation today, after serving in the position for nearly a decade.