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 will look 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). 


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06/24/11
8:00 AM
Registration
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?    

Moderator
Scott Pattison, Executive Director, National Association of Budget Officers
Laurence Msall, President, Civic Federation
Todd Berry, President, Wisconsin Taxpayers Alliance
  • Texas
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.

Moderator
Nora Fitzpatrick, Federal Reserve Bank of New York
Panelists
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?

Moderator
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
Speaker
Robert Inman, Professor, Wharton School, University of Pennsylvania
12:00 PM

 

 

Last Updated: 06/28/2011


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Hotel Information

Club Quarters
111 W Adams
Chicago ,  IL   60604

A business class property located just 2 blocks from the Federal Reserve Bank in the heart of the city’s financial district. This property just underwent a complete renovation of all sleeping rooms. Full service restaurant on-site, Elephant and Castle, also provides room service.

 

Reservations: (212) 575-0006

Individuals should identify themselves with Federal Reserve Bank and use group code: FRB623

Room Rate: $144  plus tax (15.40%)
Arrival June 23; departure June 24
Cut-off date: May 20, 2011

 

Chicago Fed Contact:  Sandy Schneider via telephone at (312) 322-8203 or via e-mail.

 


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