The COVID-19 pandemic has created new obstacles for state and local officials as they try to adapt to rapidly changing circumstances and mitigate the scope of anticipated economic and fiscal losses. Revenue, budgets, and regional fiscal resiliency are all now in question as local, state, and national governments closely observe how the outbreak develops.
Please feel free to join REMI for the upcoming webinar, “The Fiscal Impacts of COVID-19 on State and Local Budgets,” that is scheduled for Thursday, April 16th from 2:00 to 3:00 p.m. (ET).
During this presentation, REMI Senior Economist Peter Evangelakis, Ph.D. & Economic Associate Shane Vyskocil will describe how COVID-19 has upended budgetary planning before they provide state and local stakeholders with methods for appropriately responding to the shocks generated by the virus’s spread. Dr. Evangelakis and Mr. Vyskocil will also explain in depth how to use the Tax-PI model to analyze a region’s fiscal resiliency ahead of significant disruptions.
The United States had been trending toward increased economic growth and decreased unemployment before the pandemic took hold of the nation. Without a specific end date identified for the safety measures currently in place, state and local governments must evaluate and monitor their finances in order to best serve their region and their constituents.
This webinar presentation on April 16th will demonstrate how to forecast potential scenarios that could alter the fiscal landscape, which would ultimately impact tax revenues and expenditure decisions.
