The Fiscal Impacts of COVID-19 on State and Local Budgets

[Slides]The Fiscal Impacts of COVID-19 on State and Local Budgets – Peter Evangelakis, Ph.D. & Shane Vyskocil, REMI

[Recording]The Fiscal Impacts of COVID-19 on State and Local Budgets – Peter Evangelakis, Ph.D. & Shane Vyskocil, REMI

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.

(Encore Presentation) Vanessa Vargas – Epidemiological and Economic Modeling of a Pandemic

[Slides]Epidemiological and Economic Modeling of a Pandemic – Vanessa Vargas & Walter Beyeler, Sandia National Laboratories

[Recording]Epidemiological and Economic Modeling of a Pandemic (Encore) – Vanessa Vargas & Walter Beyeler, Sandia National Laboratories

Due to the high volume of registrants for our guest webinar that we hosted on March 24th, REMI will be holding an encore presentation of “Epidemiological and Economic Modeling of a Pandemic” on Monday, March 30th from 2:00 to 3:00 p.m. (ET).

We will be joined again by Sandia National Laboratories Economist Vanessa Vargas for her evaluation of the significant costs associated with a widespread outbreak and its disruption of normal economic activity by merging epidemiology and economics.

A report produced by Sandia in 2010 that used REMI to examine the effects of the H1N1 and H5N1 influenza pandemics in order to comprehend the prospective impacts on the U.S. economy will be at the center of this guest presentation. Sandia’s report calculated how much illness could reduce economic output via reduced worker productivity, absenteeism, and increased mortality by basing their assessment on careful epidemiological pre-modeling.