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Last Updated: 9/7/2018

Preventing the Next State Budget Crisis: Improving Budget Transparency to Bolster Fiscal Sustainability

The Federal Reserve Bank of Chicago, the Volcker Alliance and the Lincoln Institute of Land Policy is hosting the Preventing the Next State Budget Crisis: Improving Budget Transparency to Bolster Fiscal Sustainability conference on Monday, September 17, 2018 from 8:00am to 3:00pm at the Federal Reserve Bank of Chicago.


The conference addresses a key research interest of the bank, namely sustaining the fiscal health of state and local governments through better budgeting methods. In addition, it allows the bank to build relationships with strategic partners in this field such as the Volcker Alliance, the Lincoln Land Institute.

Monday, 09/17/18
8:00 AM
Registration and Continental Breakfast
8:45 AM
Welcome and Opening Remarks to Audience
William Glasgall, Senior Vice President and Director, State & Local Initiatives, Volcker Alliance
Leslie McGranahan, Vice President and Director of Regional Programs, Federal Reserve Bank of Chicago
9:00 AM
Opening Keynote: The Hows, the Whys, and the Consequences of State and Local Deficits
Andrew Haughwout, Senior Vice President, Policy Leader for Household/Regional Microeconomic Studies Function, Federal Reserve Bank of New York
Robert P. Inman, Richard King Mellon Professor of Finance, University of Pennsylvania, The Wharton School of Business
9:40 AM
Panel Session I: Forecasting Revenues and Expenditures: Budget Scenarios for States
Moderator
Arturo Perez, Director, Fiscal Affairs, National Conference of State Legislatures
Panelists
Jonathan Ball, Legislative Fiscal Analyst, Utah Legislature
Kim Rueben, Director, State & Local Finance Initiatives, Urban Institute
Dan White, Director of Government Consulting and Public Finance Research, Moody's Analytics
10:20 AM
Intermission
10:40 AM
Panel Session II: Best State Budgeting Practices: Volcker Alliance Assessments and Where Improvement is Needed
Moderator
William Glasgall, Senior Vice President and Director, State & Local Initiatives, The Volcker Alliance
Panelists
Katherine Barrett, Special Projects Consultant, The Volcker Alliance
Richard Greene, Special Projects Consultant, The Volcker Alliance
Seth Grove, Pennsylvania State Representative
Rebecca Hendrick, Professor, College of Urban Planning and Public Affairs, University of Illinois at Chicago
John Hicks, Executive Director, National Association of State Budget Officers
11:25 AM
Panel Session III: The New World of Revenue Volatility: Implications for Budgets and Markets
Moderator
Jeff Holland, Vice President, Research
Panelists
Don Boyd, Fellow, Lincoln Institute of Land Policy
Kil Huh, Senior Director, State & Local Fiscal Health, Pew Charitable Trusts (invited)
Shayne Kavanagh, Senior Manager, Research, Government Finance Officers Association
Leslie McGranahan, Vice President and Director of Regional Research
Juliette Tennert, Director of Economic and Public Policy Research, Kem C. Gardner Policy Institute, University of Utah
12:25 PM
Lunch Keynote Introduction: Comments on Volcker Alliance
Tom Ross, President, The Volcker Alliance
12:30 PM
Lunch Keynote: Reflections on Fiscal Crises
Interviewer
Lois Scott, President, Epoch Advisors
Speaker
Richard Ravitch, Former Lieutenant Governor, State of New York
1:15 PM
Panel Session IV: Stress Testing Pensions, Revenues, and Reserves: Uncovering Hidden Budgetary Risks
Moderator
Rick Mattoon, Senior Economist & Economic Advisor, Federal Reserve Bank of Chicago
Panelists
Don Boyd, Fellow, Lincoln Institute of Land Policy
Greg Mennis, Director, Public Sector Retirement Systems, Pew Charitable Trusts
Josh McGee, Executive Vice President, Results-Driven Government, Laura and John Arnold Foundation
Chris Mier, Managing Director, Loop Capital
1:55 PM
Intermission
2:15 PM
Panel Session V: Deferred Infrastructure Maintenance: How to Measure It, How to Finance It
Moderator
Michael Bennon, Managing Director, Stanford Global Projects Center
Panelists
Beverly Bunch, Professor, Department of Public Administration and Center for State Policy and Leadership, University of Illinois Springfield
Matt Fabian, Municipal Market Analytics, Inc./Consultant, The Volcker Alliance
Ronald Fisher, Professor of Economics, Michigan State University
Mary Murphy, Project Director, Fiscal Policy, Pew Charitable Trusts
Zhirong (Jerry) Zhao, Associate Professor and Director, Institute for Urban and Regional Infrasructure Finance, University of Minnesota, Humphrey School of Public Affairs
2:55 PM
Closing Remarks
William Glasgall, Senior Vice President and Director, State & Local Initiatives, The Volcker Alliance
Rick Mattoon, Senior Economist & Economic Advisor, Federal Reserve Bank of Chicago
3:00 PM
Networking
Event Information
Event Contact
Ella Dukes

Email
Date
09/17/18
Registration Deadline
Tuesday, September 11, 2018
Location

Federal Reserve Bank of Chicago

230 S. LaSalle Street

Chicago, IL

Map


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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