Preventing the Next State Budget Crisis: Improving Budget Transparency to Bolster Fiscal Sustainability
September 17, 2018
8:00 AM - 3:00 PM
Location
Federal Reserve Bank of Chicago
Address
230 S Lasalle St., Chicago, IL 60604
Calendar
Download iCal FileThe Volcker Alliance and the Federal Reserve Bank of Chicago will host a one-day conference on “Preventing the Next State Budget Crisis: Improving Budget Transparency to Bolster Fiscal Sustainability,” on Monday, September 17, 2018, from 8:00 AM to 3:00 PM (CDT) at the Chicago Fed.
The conference will examine ways that state governments may be able to avert future budgetary crises like those that swept across the Midwest and entire US during the Great Recession of 2007-2009 and in its immediate aftermath. Indeed, with the current US recovery now the third-longest on record, states have a unique opportunity to prepare themselves for any future weakening in economic activity and revenue. Critical to this prevention effort are improvements in the way that states estimate revenues, expenditures, deferred maintenance of infrastructure, and the cost of providing pensions and other post-retirement benefits to public employees.
Date posted
Sep 13, 2018
Date updated
Sep 13, 2018