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State Budgets under Stress: Paths to Sustainability

States have been through a series of tough budget cycles in the last years, and some suggest more stress is ahead. This program looked at the current state of budgets and long-term challenges.

This conference was co-hosted by Federal Reserve Banks of Chicago, New York and Philadelphia in partnership with John D. and Catherine T. MacArthur Foundation and National Association of Budget Officers (NASBO). 

Friday, 06/24/11
8:00 AM
8:30 AM
Opening Remarks
8:40 AM
Panel 1: What Are the Current Conditions in the States?

Budget directors and experts provide an overview of conditions. How are states handling the gaps? Are they utilizing recurring solutions or just more gap filling?    

Scott Pattison, Executive Director, National Association of Budget Officers
Laurence Msall, President, Civic Federation
Todd Berry, President, Wisconsin Taxpayers Alliance
Mike Morrissey, Senior Advisor, Governor’s Office
Donald Boyd, Senior Fellow, Rockefeller Institute
10:00 AM
Coffee Break and Video Montage
10:15 AM
Panel 2: The View from the Markets

A rating agency professional and a municipal analyst provide their views of the historical market dynamics and some insights on the long-term challenges.

Nora Fitzpatrick, Federal Reserve Bank of New York
Gail Sussman, Managing Director, Moody’s Investors Service
Matt Fabian, Managing Director, Municipal Market Advisors
10:45 AM
Rules of Engagement for Rough Times

We have assembled some of the leading minds in public finance to get views on how to restructure state budgets. What are ways for states to face their pressures?

Leonard Nakamura, Federal Reserve Bank of Philadelphia
John Karl Scholz, Professor, University of Wisconsin
Tracy Gordon, Professor, University of Maryland/Brookings Institution
Randal C Picker, Professor, University of Chicago School of Law
12:00 PM
Lunch and Keynote Address: Toward Economically Sustainable State Budgets
Robert Inman, Professor, Wharton School, University of Pennsylvania
12:00 PM



Last Updated: 06/28/2011

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