Fiscal Impacts from the COVID-19 Pandemic

[Slides]Fiscal Impacts from the COVID-19 Pandemic – Natalie Zhu, Ph.D. & Brandon Stanaway, REMI

[Recording]Fiscal Impacts from the COVID-19 Pandemic – Natalie Zhu, Ph.D. & Brandon Stanaway, REMI

Economies across the country continue to be subjected to uncertainty as America grapples with the ongoing COVID-19 pandemic. Federal, state, and local governments are working consistently to protect their revenue and budgetary concerns in the hopes of emerging from this health crisis in good standing.

Economist Natalie Zhu, Ph.D. and Economic Analyst Brandon Stanaway will be presenting the upcoming REMI webinar, “Fiscal Impacts from the COVID-19 Pandemic,” on Thursday, August 20th from 2:00 to 3:00 p.m. (ET) that will describe the unpredictability of the nation’s fiscal outlook as numerous organizations and institutions weigh the costs and benefits associated with various economic shutdowns and re-opening efforts.

The REMI Tax-PI model will be utilized in this presentation to examine how legislators have approached the mitigation of economic deficits, budgetary planning, and the recovery of anticipated revenue during this uncommon fiscal year.

In order to remain capable of helping their regions and citizens through these unprecedented times, state and local officials must closely observe the trajectory of their finances as safety measures shift on a regular basis.

This webinar presentation will include several scenarios that use Tax-PI to explore how users can analyze the current fiscal landscape, the impact of COVID-19 on expenditure decisions, and the ways in which tax revenues have been affected by the pandemic.

Eric Kalivoda, Ph.D. & John Fu, Ph.D. – Providing Resilience and Economic Vitality through Transportation Investments: A Case Study of Louisiana Highway 1

[Slides]Providing Resilience and Economic Vitality through Transportation Investments: A Case Study of Louisiana Highway 1 – Dr. Eric Kalivoda & Dr. John Fu, Louisiana Department of Transportation and Development

[Recording]Providing Resilience and Economic Vitality through Transportation Investments: A Case Study of Louisiana Highway 1 – Dr. Eric Kalivoda & Dr. John Fu, Louisiana Department of Transportation and Development

Louisiana Highway 1 (LA1) is a critical corridor for the national energy supply. The facility serves Port Fourchon, which is the logistics base for offshore oil and gas exploration and production in nearly the entire Gulf of Mexico.

Over the years, the highway has become increasingly vulnerable to closure from hurricanes, tropical storms, and even minor storms in conjunction with high tides. The underlying cause of the increasing vulnerability is a combination of subsidence, sea level rise, and coastal erosion. Forecasts from the National Oceanic and Atmospheric Administration indicate that the frequency of closure will rise substantially in the future.

REMI will be joined on Tuesday, August 25th from 2:00 to 3:00 p.m. (ET) by Deputy Secretary Eric Kalivoda, Ph.D. and Transportation Planning Engineer John Fu, Ph.D. from the Louisiana Department of Transportation and Development for their special guest webinar, “Providing Resilience and Economic Vitality through Transportation Investments: A Case Study of Louisiana Highway 1.”

Dr. Kalivoda and Dr. Fu will be reviewing their analysis that aimed to estimate the impact of implementing LA1’s Phase 2 on Louisiana’s economy, as well as the national economy. The first phase elevated the initial nine-mile section of the highway in 2012, leaving an eight-mile section to be elevated as part of the second phase to provide secure passage from Port Fourchon to within the hurricane protection levee in the Town of Golden Meadow.

This webinar presentation will also explain the desire to quantify the economic impacts of Phase 2 implementation as closures of LA1 sometimes disrupt and hinder oil and gas production in the Gulf of Mexico.

REMI IQ+™ Model Launch Series: COVID-19 and the Economy

[Slides]REMI IQ+™ Model Launch Series: COVID-19 and the Economy – Fred Treyz, Ph.D., Ian McGuire & Tobias Reynolds, REMI

[Recording]REMI IQ+™ Model Launch Series: COVID-19 and the Economy – Fred Treyz, Ph.D., Ian McGuire & Tobias Reynolds, REMI

COVID-19 has created an unpredictable economic landscape, with uncertainty surrounding lockdown restrictions and the timeline of a return to normalcy. Legislators at the state and local levels must understand how their industries interconnect within their specific region so as to accurately plan their economic futures.

Please feel free to join REMI CEO & Chief Economist Fred Treyz, Ph.D., Economic Associate Ian McGuire, & Economic Analyst Tobias Reynolds on Thursday, August 13th from 2:00 to 3:00 p.m. (ET) for “REMI IQ+™ Model Launch Series: COVID-19 and the Economy,” their upcoming webinar that will describe how REMI’s new IQ+ model evaluates industry changes and their effect on the local economy and their fellow industries, with regards to COVID-19.

The REMI IQ+ model allows for quarterly economic impact analysis, which can assist users in comprehending how their regional industries intersect and impact economic indicators. This understanding can be extended to predictive policy analysis in order to understand the deeper impact of lockdown restrictions, reduced capacities, and changes in consumer behavior.

With the vital information that our innovative quarterly model provides, state and regional officials can better prioritize their policies and planning procedures in order to support their key industries during these challenging times.