Cutting State Taxes: Dynamic Fiscal Analysis in Arkansas

[Slides]Cutting State Taxes: Dynamic Fiscal Analysis in Arkansas – Peter Evangelakis, REMI

[Recording]Cutting State Taxes: Dynamic Fiscal Analysis in Arkansas – Peter Evangelakis, REMI

Taxes may be inevitable, but how they are applied to businesses and individuals can always be adjusted at the local, state, and national levels.

Please feel free to join Senior Economist Peter Evangelakis, Ph.D. for a REMI webinar presentation, “Cutting State Taxes: Dynamic Fiscal Analysis in Arkansas,” on Wednesday, July 24th from 2 to 3 p.m. (ET) that provides an overview of dynamic fiscal notes and how they can be used to analyze changes in tax policy.

REMI worked with the Arkansas Bureau of Legislative Research to produce fiscal notes for the state’s various personal and corporate income tax proposals. The analysis was conducted in order to help identify the most beneficial option for the citizens and businesses of Arkansas, while also understanding the full impact on the state’s coffers.

This analysis used REMI’s Tax-PI model to assess the economic, demographic, and fiscal impacts associated with altering tax collection strategies in the Natural State. These kinds of assessments could benefit states looking to revise their current tax structures in the hopes of addressing problem areas and locating new opportunities for growth.

Dr. Evangelakis’s discussion also includes an explanation of the REMI model and the methodologies implemented in this collaborative examination of economic outcomes and potential revenue approaches.

Michael Wilkerson & Marley Buchman – Housing Underproduction in California: Economic, Fiscal, and Environmental Impact of Enabling Transit-Oriented Smart Growth to Address California’s Housing Affordability Challenge

[Slides]Housing Underproduction in California: Economic, Fiscal, and Environmental Impact of Enabling Transit-Oriented Smart Growth – Michael Wilkerson & Marley Buchman, ECONorthwest

[Recording]Housing Underproduction in California: Economic, Fiscal, and Environmental Impact of Enabling Transit-Oriented Smart Growth – Michael Wilkerson & Marley Buchman, ECONorthwest

The new millennium has presented a variety of challenges for the housing market as the industry bounced from bubble to crisis. States and regions may have survived those housing hurdles initially, but the residual effects of those problems have created new obstacles for experts to overcome.

Please feel free to join REMI for a guest webinar that will be presented by Michael Wilkerson, Ph.D., Project Director and Senior Economist at ECONorthwest, and Marley Buchman, an Economist at ECONorthwest, on Wednesday, July 10th from 2 to 3 p.m. (ET).

Their discussion, “Housing Underproduction in California: Economic, Fiscal, and Environmental Impact of Enabling Transit-Oriented Smart Growth to Address California’s Housing Affordability Challenge,” explores the recent study conducted by the Up for Growth National Coalition and ECONorthwest that analyzed the historic relationship between housing and transportation costs.

Households are feeling the pressure as home prices and monthly rents increase and they are required to pay more of their income toward housing and transit. The authors of the report estimated the impacts that different types of housing development patterns would have on home prices, GDP, jobs, taxes, population migration, and vehicle emissions if cities and states hadn’t under-produced housing from 2000-2015.

The key findings and methodologies implemented in this assessment of California’s housing industry will be described by Dr. Wilkerson and Mr. Buchman.

You can also view the full report on Up for Growth’s website by clicking here.

Adam Rose & Dan Wei – Modeling Economic Resilience to Disasters

[Slides]Modeling Economic Resilience to Disasters – Adam Rose & Dan Wei, USC

[Recording]Modeling Economic Resilience to Disasters – Adam Rose & Dan Wei, USC

Disasters can cause both severe property damage and business interruption. Various resilience tactics can be implemented by infrastructure providers and businesses to promote the continuity of their operations once the disaster strikes. These responses can help prevent the collapse of the regional economy.

REMI invites you to our guest webinar, “Modeling Economic Resilience to Disasters,” on Wednesday, June 12th from 2 to 3 p.m. (ET) that will be presented by Adam Rose and Dan Wei, research fellows at the University of Southern California Center for Risk and Economic Analysis of Terrorism Events (CREATE). Their discussion details the importance of economic resilience, which refers to the ability to promote business continuity in an efficient manner and accelerate recovery after disaster strikes.

Both Dr. Rose and Dr. Wei have extensive experience with the REMI PI+ model and with various models that analyze the economic consequences of and resilience to terrorism and natural disasters. The researchers will present an analytical framework for assessing resilience in the context of the REMI model, which includes basic definitions of resilience, specification of a resilience metric, descriptions of various resilience tactics, and the cost-effectiveness of these tactics revealed by a recent survey of Hurricane Harvey victims.

Our guest speakers will illustrate their approach through the simulation of various resilience tactics applicable to a seaport disruption.

Their presentation also provides detailed specification of the steps required to incorporate some of the resilience tactics into REMI’s economic modeling software and ways to estimate the effect of other tactics through various side-calculations that adjust direct disaster impacts that are input into the model and by adjusting model outputs.

Aaron McGregor – Economic Impacts of Sea-Level Rise and Coastal Storms

[Slides]Economic Impact of Sea-Level Rise and Coastal Storms – Aaron McGregor, AECOM

[Recording]Economic Impacts of Sea-Level Rise and Coastal Storms – Aaron McGregor, AECOM

Rising sea levels and severe storms pose significant economic risk to coastal regions. The engineering firm AECOM worked with Broward County, Florida to assess damages on the Dania Beach business community and to quantify the potential costs and benefits of proposed adaptation strategies.

REMI cordially invites you to a guest webinar presentation on Wednesday, May 15th from 2 to 3 p.m. (ET) by Aaron McGregor, an Economist and Senior Associate at AECOM, who will discuss the study.

The analysis was conducted using three core methods: a direct damages model to assess local impacts to Dania Beach, the REMI PI+ model to quantify the direct and indirect impacts of different action scenarios on Broward County and the rest of Florida, and a local survey to assess risk perception, vulnerabilities, and the adaptive capacity of the local business community. Broward County is using the study’s findings to inform ongoing policy discussions related to future project prioritization, development, and implementation.

For the presentation, Mr. McGregor will review the findings and discuss the methodologies behind the analysis.