Economic Uncertainty: Impacts on State and Local Budgets

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Ongoing economic uncertainty continues to challenge state and local governments as they work to balance budgets, allocate resources, and plan for long-term fiscal health. Tariff-driven inflation, shifting revenue streams, and increasingly complicated federal funding dynamics make budget forecasting by state DORs more difficult. State and local governments must analyze how these national trends will immediately affect their region’s revenues, as each region will be affected uniquely.

Join us for a discussion on how current national trends are impacting state and local budget projections. Using a REMI Multiregional US (MRUS) Tax-PI model, Dr. Frederick Treyz will demonstrate how regions can analyze varying forecast scenarios to understand their financial future better.

Trump Auto Industry Tariffs Are Coming: Impacts on State and Local Economies

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President Trump has announced a 25% tariff on imports of automobiles and various automobile parts that will come into effect on April 2nd. These tariffs are designed to promote domestic automobile production, creating jobs and decreasing dependency on other nations. There are concerns that these tariffs will raise consumer prices, accelerating inflation nationally, and also result in retaliatory tariffs. Automobile tariffs will have significantly different economic impacts across regions and sectors in the United States. It is critical for states to forecast how tariffs will affect their region and what they can do to react.

In this session Dr. Frederick Treyz and Chris Judson will demonstrate how the REMI Multiregional US (MRUS) model can explore the sector-specific and regional impacts of tariff policies. Current REMI clients and anyone interested in tariff policy analysis are encouraged to attend.

Medicaid in Transition? Implications of Potential Changes

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This webinar was presented by Cindy Zeldin from Georgia Health Initiative, Sheldon Weisgrau, MHS, from Missouri Foundation for Health, and Peter Evangelakis, Ph.D., from REMI.

Deliberations are underway by federal decision-makers around proposed programmatic and budgetary changes to the Medicaid program, which insures more than 70 million Americans nationwide. As a publicly funded insurance program, Medicaid provides health coverage to low-income individuals and families, as well as those who are elderly or have disabilities.

The program is jointly funded through a combination of state and federal dollars, so any changes to the fundamental operation of the program would have not only health implications but also fiscal ones as well. It, therefore, is important to have access to sound economic data and analysis as options are assessed and conversations progress.

During this webinar, panelists Dr. Peter Evangelakis, Sheldon Weisgrau, and Cindy Zeldin will address how the Medicaid system currently works and the interplay between fiscal realities resulting from decisions made at the federal level. They will share in greater detail how the Medicaid program uniquely operates in Missouri and Georgia. They also will share how commissioned analysis conducted by REMI has already served to educate and elevate informed dialogue about the economic impact projected to result from proposed changes to the program.

Sound data are essential as decisions are weighed about changes to Medicaid programs. The panelists will speak about how economic analysis can highlight the interplay between proposed changes to the Medicaid program and the fiscal impact experienced by states for various constituencies.


Learn more about the presenters below:

Sheldon Weisgrau, MHS
Vice President of Health Policy & Advocacy
Missouri Foundation for Health

Sheldon Weisgrau brings four decades of experience to his position leading the Foundation’s health policy, advocacy, and government affairs functions. In this role, he directs work focused on eliminating health inequities by addressing social determinants of health, enhancing access to care, and building capacity for advocacy and civic engagement.

Before joining the Foundation in 2020, Sheldon served in senior leadership positions with state-based policy and advocacy organizations, a rural health consulting firm, and both federal and state agencies. During that time, he worked to ensure the delivery of health care services in rural and underserved communities and to enhance the knowledge and engagement of community members, providers, and policymakers.

Sheldon earned a bachelor’s degree from Cornell University and a master’s degree in health policy and management from the Johns Hopkins University School of Public Health. He has served on numerous boards and commissions focused on enhancing health and health care.


Cindy Zeldin
Vice President of Health Policy and Government Affairs
Georgia Health Initiative

Cindy Zeldin serves as Vice President of Health Policy and Government Affairs for Georgia Health Initiative and is a member of the executive leadership team. As the inaugural staff member in the Health Policy role she designs and implements a portfolio of initiatives and activities that inspire and promote collective action to advance health equity for all Georgians.

With more than twenty years of experience in the health policy and advocacy field, Cindy has established herself as a connector, bridge builder, and strategic innovator who works for the good of all Georgians.

As the first executive director of Georgians for a Healthy Future (GHF), a statewide consumer health advocacy organization, she worked closely with partners and key stakeholders to establish and build the new organization’s capacity for policy development, community outreach and education, coalition building and mobilization, strategic communications, and advocacy. Most recently, she served as a Senior Consultant for Health Management Associates (HMA), a leading national research and consulting firm that specializes in publicly financed health care.

In her early career, Cindy held various positions in research, policy analysis, and advocacy, all with a focus on health. She earned her MPH in Health Policy and Management from the Rollins School of Public Health at Emory University, an MA from The George Washington University, and a BA in Political Science from Emory University.


Peter Evangelakis, Ph.D.
Senior Vice President of Economics & Consulting
REMI

Peter Evangelakis, Ph.D. is Senior Vice President of Economics & Consulting at REMI. After joining REMI in September 2017, he has served as Principal Investigator on all consulting projects and published papers, managed REMI’s team of economists and analysts, provided comprehensive technical and advisory support to clients, contributed to economic modeling software development, made multiple presentations on behalf of the company, and contributed to business development from our Washington, D.C. office.

Dr. Evangelakis is an experienced Economic Researcher and Analyst. Highlights of his published work include a review of the non-pecuniary benefits of professional sports stadiums, a municipal-level revenue analysis of Florida property tax reform, an exposition of novel macroeconomic measures of the digital economy, and an economic and demographic analysis of the U.S. immigrant population.

Dr. Evangelakis holds Ph.D. and Master’s degrees in Economics from the University of Chicago and a Bachelor’s degree in Economics and Mathematics from Swarthmore College.

2025 State of the Commonwealth: Virginia’s Key Issues & Opportunities

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Each year, the Dragas Center for Economic Analysis and Policy at Old Dominion University releases a State of the Commonwealth Report that reviews the Virginia economy and contributes to discussions about the future outlook for Virginia residents. The report seeks to tackle foreseen difficulties head-on and provide information that can be used to inform policy decisions to improve economic situations for all stakeholders.

Dr. McNab will discuss the Commonwealth of Virginia’s economy through various factors that affected the state in 2024 and will continue to be pressing into future years. The discussion will be structured around the following critical points: an overview of the national economy, the state economy, and regional economies within the commonwealth, how changes in federal employment will impact Virginia, and the value of attending college in Virginia.

Learn more about Dr. McNab below.

Bob McNab, Ph.D.
Chair of the Department of Economics and Director of the Dragas Center for Economic Analysis and Policy and in the Strome College of Business at Old Dominion University

Professor Robert M. McNab currently serves as the Chair of the Department of Economics and Director of the Dragas Center for Economic Analysis and Policy and in the Strome College of Business at Old Dominion University.

He is a member of the Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters and is an Associate Editor with the Journal of Economic Surveys. Professor McNab has published in Applied Economics, Cornell Hospitality Quarterly, Defense and Peace Economics, National Tax Journal, Public Budgeting and Finance, and World Development. From 2018 to 2022, he was a member of the Joint Advisory Board of Economists for the Commonwealth of Virginia,

He edits the annual State of the Region: Hampton Roads and State of the Commonwealth reports Professor McNab has appeared in the Associated PressChina Global Television Network, CNNNewsweek, Wall Street Journal, Washington Post, Yahoo News, Yahoo Finance, Richmond Times-Dispatch, Virginian Pilot, and Daily Press, among others.

Dr. McNab joined the faculty of the Department of Economics in the Strome College of Business of Old Dominion University in July 2016 and previously was a member of the faculty of the Naval Postgraduate School in Monterey, California from 2000 to 2016.

eREMI: A Structural Approach to Long-Term Economic & Demographic Forecasting

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eREMI is a tool that provides a wide range of organizations with the necessary data to conduct long range planning, regional competitiveness showcasing, regional research, and more. With projections extending to 2060, eREMI offers organizations a structural, data-driven approach to understanding long-term regional and national demographic and economic trends.  

For over 40 years, REMI has provided dynamic macroeconomic analysis to policymakers, researchers, and private organizations. eREMI provides our refined forecast to organizations without the need for policy analysis, delivering county-level forecasts demonstrating how regional economies are interconnected with national trends.  

This session will explore the methodology behind eREMI’s structural approach to forecasting, key macroeconomic and demographic indicators included in eREMI, how MPOs, state DOTs, EDCs, private organizations, and universities use REMI’s forecast for strategic planning, and the value of transparent, publicly available data in long-term economic analysis

This webinar will provide a comprehensive overview of how eREMI can enhance your forecasting capabilities, whether you’re a planner, economist, or decision-maker looking for reliable, long-term insights.  We hope you will join!