Economic and Revenue Forecasts
|
|
|
- Gwendolyn Hopkins
- 5 years ago
- Views:
Transcription
1 Economic and Revenue Forecasts FY 2018 * FY 2019 * FY 2020 Consensus Revenue Estimating Conference May 16,
2 Outline Economic Forecast David Zin, Senate Fiscal Agency Revenue Estimates for Major Taxes Eric Bussis, Department of Treasury Revenue Estimates by Fund Jim Stansell, House Fiscal Agency 2 2
3 Per Capita Personal Income Growth Yearly Percent Change 4.4% 3.1% 3.2% 2.7% 6.2% 5.4% 5.5% 4.3% 4.5% 4.1% 4.2% 3.6% 3.5% 2.7% 2.3% 2.4% 2.3% 1.6% 1.3% 0.5% -4.2% -4.7% Source: Bureau of Economic Analysis US Michigan 3 3
4 Retail Sales Trending Up 10.0% Year-Over-Year Change 7.5% Apr % 5.0% 2.5% 0.0% Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Source: Bureau of the Census. 4 4
5 Michigan Debt and Average Hourly Earnings 12% 8% Total Debt Balance Per Capita 2017Q4: 3.6% 4% 0% -4% -8% Average Hourly Earnings, Private Sector 2017Q4: 3.2% -12% 2009Q1 2010Q1 2011Q1 2012Q1 2013Q1 2014Q1 2015Q1 2016Q1 2017Q1 Sources: Bureau of Labor Statistics & Federal Reserve Bank of New York 5 5
6 Coincident Economic Activity Index for Michigan March Jan-99 Jan-02 Jan-05 Jan-08 Jan-11 Jan-14 Jan-17 Source: Federal Reserve Bank of St. Louis 6 6
7 GDP Forecasts Annual Percent Change 2.3% 2.7% 2.7% 2.8% 2.8% 2.5% 2.8% 1.9% 1.9% 1.9% Actual HFA SFA Admin. 7 7
8 Light Vehicle Sales Forecast Millions of Units Actual HFA SFA Admin. 8 8
9 Vehicle Sales at Historically High Levels Millions of Units % 70% 65% 60% 55% 50% 45% 40% 35% 30% U.S. Light Vehicle Sales Big 3 Share Source: Automotive News. Average Agency Forecasts 9 9
10 MI Motor Vehicle Production & Employment Millions of Units Thousands of Employees Production Employment Source: Michigan Department of Treasury & U.S. Bureau of Labor Statistics
11 Inflation Expected to Increase Detroit Consumer Price Index Fiscal Year Growth 2.0% 2.3% 2.5% 2.5% 1.6% 2.2% 2.3% 2.3% 1.9% 1.9% Actual HFA SFA Admin
12 Michigan Wage and Salary Employment Annual Percent Change 1.2% 1.2% 1.2% 1.1% 1.1% 0.7% 0.9% 0.9% 0.8% 0.7% Actual HFA SFA Admin
13 Michigan Job Gains Expected Through Change in Michigan Wage and Salary Employment Thousands Average Agency Forecasts 13 13
14 Forecast of Major Taxes Strong FY18 year-to-date income tax collections. Sales tax and use tax combined growth rates strong in FY18 and solid in FY19 and FY20. CIT/MBT remains the most volatile major taxes for both economic and non-economic reasons
15 IIT Withholding & Sales Tax FY Growth Rates 12% 8% Withholding Tax FY 2018 YTD 5.0% 4% 0% -4% -8% Sales Tax FY 2018 YTD 1.7% -12% FY 1996 FY 2000 FY 2004 FY 2008 FY 2012 FY 2016 Source: Michigan Department of Treasury 15 15
16 Baseline Income Tax Growth Fiscal Year Growth 8.1% 8.4% 8.2% 0.9% 2.3% 1.9% 1.9% 3.4% 4.4% 2.8% Actual HFA SFA Admin
17 Net Income Tax Revenue Estimates Fiscal Year Billions $10.19 $10.22 $10.20 $10.15 $10.15 $10.12 $10.44 $10.54 $10.35 $ Actual HFA SFA Admin
18 Baseline Sales Tax Growth Fiscal Year Growth 6.9% 3.5% 3.3% 2.9% 2.9% 3.0% 2.7% 2.8% 2.4% 2.8% Actual HFA SFA Admin
19 Net Sales Tax Revenue Estimates Fiscal Year Billions $7.80 $8.04 $8.07 $8.02 $8.28 $8.37 $8.28 $8.51 $8.56 $ Actual HFA SFA Admin
20 Net SET Revenue Estimates Fiscal Year Billions $1.96 $2.02 $2.02 $2.04 $2.10 $2.11 $2.12 $2.14 $2.21 $ Actual HFA SFA Admin
21 Net CIT/MBT Revenue Estimates Fiscal Year Billions $0.40 $0.08 $0.04 $0.09 $0.32 $0.33 $0.31 $0.32 $0.24 $ Actual HFA SFA Admin
22 GF-GP and School Aid Fund Revenue Growth rate comparisons. Level comparisons. Budget Stabilization Fund calculation. Constitutional Revenue Limit calculation
23 GF-GP and School Aid Revenue Baseline Growth Rates Before Tax Changes 8.0% 4.0% 6.0% 6.1% 5.5% 5.9% 7.9% 6.1% 3.8% 2.6% 1.9% 1.0% 1.1% 7.1% 7.4% 5.0% 5.1% 4.5% 4.4% 3.3% 2.7% 2.4% 1.7% 0.0% -4.0% -1.7% -1.3%-0.9% -2.1% -8.0% -12.0% -10.5% Average Agency Forecasts 23 23
24 GF-GP Net Revenue Growth Fiscal Year Growth 1.7% 2.4% 2.7% 2.9% 0.3% 2.2% 0.3% Actual -0.1% -1.0% -0.4% HFA SFA Admin
25 GF-GP Net Revenue Estimates Fiscal Year Billions $10.19 $10.44 $10.47 $10.49 $10.59 $10.43 $10.36 $10.44 $10.46 $ Actual HFA SFA Admin
26 School Aid Fund Net Growth Fiscal Year Growth 4.7% 4.6% 4.1% 4.2% 2.4% 2.7% 2.4% 2.5% 2.4% 2.5% Actual HFA SFA Admin
27 School Aid Fund Net Revenue Estimates Fiscal Year Billions $12.69 $13.20 $13.26 $13.22 $13.51 $13.63 $13.54 $13.83 $13.98 $ Actual HFA SFA Admin
28 FY 2018 Changes Since January Consensus Estimates Millions $133.5 $159.8 $178.1 $116.8 $180.0 $135.1 GF-GP HFA SFA Admin School Aid 28 28
29 FY 2019 Changes Since January Consensus Estimates Millions $165.0 $93.6 $25.0 $102.3 $49.9 $74.6 GF-GP HFA SFA Admin School Aid 29 29
30 FY 2020 Changes Since January Consensus Estimates Millions $180.6 $153.7 $49.8 $60.7 $47.3 $9.3 GF-GP HFA SFA Admin School Aid 30 30
31 Revenue Forecast Comparison Millions FY 2018 FY 2019 FY 2020 House Fiscal Senate Fiscal House Fiscal Senate Fiscal House Fiscal Senate Fiscal Revenue Treasury Agency Agency Treasury Agency Agency Treasury Agency Agency GF-GP $10,485.8 $10,441.2 $10,467.5 $10,441.9 $10,433.2 $10,364.6 $10,474.2 $10,463.3 $10,594.1 School Aid Fund $13,219.6 $13,201.3 $13,264.5 $13,538.6 $13,513.9 $13,629.0 $13,870.0 $13,832.1 $13,976.4 Difference from May GF-GP $178.1 $133.5 $159.8 $102.3 $93.6 $25.0 $60.7 $49.8 $180.6 School Aid Fund $135.1 $116.8 $180.0 $74.6 $49.9 $165.0 $47.3 $9.4 $153.7 Combined $313.2 $250.3 $339.8 $176.9 $143.5 $190.0 $108.0 $59.2 $
32 Budget Stabilization Fund In FY 2018, the Agencies estimate no pay-ins. In FY 2019, the Agencies estimate pay-ins ranging from $4 to $51 million. In FY 2020, the Agencies estimate pay-ins ranging from $0 to $73 million. No BSF pay-outs are estimated by any of the Agencies during FY 2018 through FY
33 Constitutional Revenue Limit Calculation Billions $0.0 $0.2 -$2.4 -$3.9 -$4.2-$4.4 -$4.2 -$4.9-$5.3 -$4.7 -$5.6-$5.5 -$6.5 -$7.7-$7.6 -$7.4 -$8.5 -$8.1-$8.6-$8.6-$9.0 -$9.9 Average Agency Forecasts 33 33
34 Forecast Risks International Uncertainty Trade Policy Oil Prices How tight are labor markets? Monetary policy: How will Fed respond if inflation pressures appear? Housing: How will it respond to higher interest rates? CIT volatility 34 34
35 Economic and Revenue Forecasts FY 2018 * FY 2019 * FY 2020 Consensus Revenue Estimating Conference May 16,
ECONOMIC OUTLOOK AND REVENUE ESTIMATES FOR MICHIGAN FY THROUGH FY
ECONOMIC OUTLOOK AND REVENUE ESTIMATES FOR MICHIGAN FY 2018-19 THROUGH FY 2020-21 Mary Ann Cleary, Director uary 2019 FOREWORD This report includes a national and state economic forecast for calendar
Education in Michigan: Finance and Reform
Education in Michigan: Finance and Reform Michigan Association of School Administrators, Region 2 Jill N. Roof, Research Associate December 18, 2009 www.crcmich.org / jroof@crcmich.org Citizens Research
Update on Economic and Revenue Outlook
Update on Economic and Revenue Outlook Municipal Advisory Council of Michigan Jeffrey Guilfoyle, President Citizens Research Council of Michigan November 12, 2009 www.crcmich.org / jguilfoyle@crcmich.org
The Arkansas Economic Outlook
The Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR November 16, 2016 The views expressed are my own, and do not necessarily
Michigan State University's Legislative Leadership Program
Michigan State University's Legislative Leadership Program State Budget Overview by Ellen Jeffries, Director SENATE FISCAL AGENCY December 3, 2018 http://www.senate.michigan.gov/sfa/ Figure 1 Magnitude
MICHIGAN'S ECONOMIC OUTLOOK AND BUDGET REVIEW. FY , FY , FY , and FY December 27, 2018
Senate Fiscal Agency MICHIGAN'S ECONOMIC OUTLOOK AND BUDGET REVIEW FY 2017-18, FY 2018-19, FY 2019-20, and FY 2020-21 December 27, 2018 Ellen Jeffries, Director Lansing, Michigan (517) 373-2768 www.senate.michigan.gov/sfa
Transportation Funding State Comparisons. 21 st Century Transportation Committee August 21, 2008
Transportation Funding State Comparisons 21 st Century Transportation Committee August 21, 2008 State Comparisons State Population 2007 (millions) 1 State-controlled highway miles 2 % of total miles controlled
Economic Outlook. Presented to IPMA Executive Seminar. Steve Lerch Chief Economist & Executive Director. September 25, 2012 Chelan, Washington
Presented to IPMA Executive Seminar Steve Lerch Chief Economist & Executive Director Chelan, Washington WASHINGTON STATE ECONOMIC AND REVENUE FORECAST COUNCIL Summary The updated economic forecast is very
Key Labor Market and Economic Metrics
Key Labor Market and Economic Metrics May Update Incorporates Data Available on May 27 th, 2016 This reference is the result of a collaboration between the Bureau of Labor Market Information and Strategic
Economic Overview of the Wild, Wild West
Economic Overview of the Wild, Wild West Christine Cooper, Ph.D. Regional Economist (West) Copyright 217 CoStar Realty Information, Inc. No reproduction or distribution without permission. But first, let
Economic Conditions: Updates on the National, State, and Regional Economies with a Look at 2018
Presentations Upjohn Research home page 2018 Economic Conditions: Updates on the National, State, and Regional Economies with a Look at 2018 Jim Robey Upjohn Institute, jim.robey@upjohn.org Citation Robey,
Office of the Chief Economist National Credit Union Administration. Economic Overview. California State Examiner School.
Office of the Chief Economist National Credit Union Administration California State Examiner School May 30, 2017 Credit Union Performance Trends Recent Data About Credit Union Performance in California,
- US LEI & CEI - Yardeni Research, Inc.
- US LEI & CEI - 11 1 Figure. LEADING & COINCIDENT ECONOMIC INDICATORS (=, ratio scale) 11 1 Leading Economic Indicators recovering rapidly. Coincident Economic Indicators recovering slowly. 9 9 9 9 7
Moving Michigan Forward: Continuing Our Comeback. Presented by: John E. Nixon, CPA State Budget Director, Michigan
Moving Michigan Forward: Continuing Our Comeback Presented by: John E. Nixon, CPA State Budget Director, Michigan Michigan Municipal League April 10, 2013 Where We Started Perpetual $1.5B deficit Uncapped
Michigan Tax Revenue. Mary Ann Cleary, Director House Fiscal Agency
Michigan Tax Revenue Mary Ann Cleary, Director Michigan State University Institute for Public Policy and Social Research 2016 Legislative Leadership Program December 5, 2016 Major State Taxes 2 Major State
KSGFOA 2017 Fall Conference
An Economic Outlook: Changing Times and What It Means for Your Organization PRESENTATION TO KSGFOA 2017 Fall Conference October 13, 2017 PRESENTER: Sheryl D. Bailey, Ph.D. Senior Vice President Roadmap
U.S. Economic Activity. Federal Reserve Bank of Dallas
U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity 1 month % change 1.0 Real Personal Consumption
U.S. Economic Activity. Federal Reserve Bank of Dallas
U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity Initial Claims for Unemployment and Unemployment
U.S. Economic Activity. Federal Reserve Bank of Dallas
U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity New Orders for Durable Goods Billions
U.S. Economic Activity. Federal Reserve Bank of Dallas
U.S. Economic Activity Federal Reserve Bank of Dallas 2018 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity Initial Claims for Unemployment and Unemployment
U.S. Consumer Sentiment Jan 2011 Jan 2012
2012 Economic Update Information provided by Jacksonville State University Center for Economic Development and College of Commerce and Business Administration U.S. Consumer Sentiment Jan 2011 Jan 2012
Quarterly General Fund Revenue Report JANUARY 2017 BARRY BOARDMAN, PH.D.
Quarterly General Fund Revenue Report JANUARY 2017 BARRY BOARDMAN, PH.D. Highlights» FY 2016-17 Revenue through December: 3.1% ($322 million) above the 6-month revenue target.» Economic Outlook: The economy
NEAZ Members: Cherokee County
1 NEAZ Members: Cherokee County 2 NEAZ Members: DeKalb County 3 NEAZ Members: Etowah County 4 NEAZ Members: Marshall County 5 NEAZ Members: Cherokee County April 27, 2011 6 NEAZ Members: DeKalb County
Nonfarm Payroll Employment
PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS, FEDERAL RESERVE BANK OF BOSTON Current Economic Developments - June 10, 2004 Data released since your last Directors' meeting show the economy continues to
Governor Snyder s FY2015 Budget Proposal
Governor Snyder s FY2015 Budget Proposal Bob Schneider, Director of State Affairs Presentation to the Michigan School Business Officials School Finance Committee February 21, 2014 www.crcmich.org Citizens
Consensus Forecast 2010 and 2011
Consensus Forecast 2010 and 2011 Seventeenth Annual Automotive Outlook Symposium Detroit, Michigan June 4, 2010 William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Review
ECONversations. Economic and Policy Briefing Webcast Dave Altig, Research Director November 19, :00 p.m. ET
ECONversations Economic and Policy Briefing Webcast Dave Altig, Research Director November 9, 4 : p.m. ET Questions for Dave: events@atl.frb.org Technical issues: james.dooley@atl.frb.org Information received
The Global Economy: A Cyclical Boom (with Risks)
The Global Economy: A Cyclical Boom (with Risks) Karen Dynan Nonresident Senior Fellow Peterson Institute for International Economics Professor of the Practice Harvard University Department of Economics
Citizens Research Council of Michigan
Michigan s Budget Crisis and the Prospects for the Future Presidents Council State Universities of Michigan Board of Directors March 23, 2006 Lansing Tom Clay, Director of State Affairs Citizens Research
Yardeni Research, Inc.
thinking outside the box Table Of Contents Table Of Contents S&P Retailers: Consumer Discretionary 1 S&P Retailers: Consumer Staples S&P // Retailers YTD - Retail: US vs. Europe, Yearly Percent Change
Leading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: September 20, 2017 Prepared by the UNL College of Business Administration, Bureau of Business Research Author: Dr. Eric Thompson Leading Economic Indicator...1 Coincident
NEW ENGLAND ECONOMIC OUTLOOK
NEW ENGLAND ECONOMIC OUTLOOK Lincoln Institute of Land Policy Economic Perspectives on State and Local Taxes May 11, 2018 Mary A. Burke Senior Economist New England Public Policy Center Federal Reserve
Leading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: July 29, 2016 Prepared by the UNL College of Business Administration, Department of Economics Authors: Dr. Eric Thompson, Dr. William Walstad Leading Economic Indicator...1
GENERAL FUND REVENUE AND BUDGET OUTLOOK FY
GENERAL FUND REVENUE AND BUDGET OUTLOOK FY 2011-12 Barry Boardman, Ph.D. Richard Bostic December 15, 2010 0 Presentation Outline General Fund Revenue Overview Economic Conditions and Forecast Risks Key
Housing & Mortgage Market Outlook
Housing & Mortgage Market Outlook 2005 Economic Outlook Symposium Federal Reserve Bank of Chicago December 2005 David W. Berson Vice President & Chief Economist What You Want to Know: We expect economic
Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016
Outlook for the Texas Economy Luis Bernardo Torres Ruiz, Ph.D. August 26, 2016 Research Economist Texas Society of Architects Contents 1. U.S. Economic Outlook 2. Texas Economic Outlook 3. Challenges and
Leading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: August 19, 2016 Prepared by the UNL College of Business Administration, Department of Economics Authors: Dr. Eric Thompson, Dr. William Walstad Leading Economic Indicator...1
MMI PROGRAM OUTCOME RESULTS FY16-17
MMI PROGRAM OUTCOME RESULTS FY16-17 1. 60% of new participants will receive job offers within 90 days of intake at MMI for job placement services #of new admissions: 12 YTD 30 # placed in 90 days: 1 YTD
Michigan s July Unemployment Rate Moves Up Seasonally
Labor Market News Michigan s September 2016 Vol. 72, Issue No. 7 Percent Michigan s July Unemployment Rate Moves Up Seasonally Michigan s unemployment rate (not seasonally adjusted) increased by 0.5 of
US Macro Overview March 8, 2018
US Macro Overview March 8, 8 Overview Growth in the US has firmed in recent quarters as the shocks that hit the economy in mid dollar appreciation and falling commodity prices have largely run their course.
The Federal Reserve has set the target range for the federal
NationalEconomicTrends October Monetary Policy Stance: The View from Consumption Spending The Federal Reserve has set the target range for the federal funds at to 5 percent and intends to keep this near
February 8, 2012 Robert Johnson Director of Economic Analysis
Positive Surprises in Store for 2012? Macro Overview February 8, 2012 Robert Johnson Director of Economic Analysis 1 U.S. Economic Data 2011: Soft, but no recession, Growth Accelerated Through the Year
Fiscal Sustainability: A Framework and the Detroit Example
Fiscal Sustainability: A Framework and the Detroit Example Eric Scorsone, Ph.D. Deputy State Treasurer and Senior Advisor, MI Department of Treasury Director, Center for Local government Finance and Policy
Leading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: August 15, 2014 Prepared by the UNL College of Business Administration, Department of Economics Authors: Dr. Eric Thompson, Dr. William Walstad Graduate Research Assistants:
With the tax filing season in full swing, these summary
NationalEconomicTrends March Income Taxes: Who Pays and How Much? With the tax filing season in full swing, these summary figures may provide some perspective on the issue of who is paying federal individual
Figure 1: Change in LEI-N August 2018
Nebraska Monthly Economic Indicators: September 26, 2018 Prepared by the UNL College of Business, Bureau of Business Research Author: Dr. Eric Thompson Leading Economic Indicator...1 Coincident Economic
The Illinois State Budget
70 East Lake Street Suite 1700 Chicago, IL 60601 www.ctbaonline.org The Illinois State Budget Town Hall Meeting Hosted By Senator Toi Hutchinson Kankakee Public Library 4 th Floor 201 E. Merchant Street,
Big Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2013 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR TO DATE FINANCIAL
Michigan Economic Update
Michigan Economic Update Federal Reserve Bank of Chicago Detroit Branch October 30, 2015 Paul Traub Senior Business Economist The Midwest Economy declined to -0.15 in September while Michigan s contribution
Economic Update Adrienne C. Slack March 2017
Economic Update Adrienne C. Slack March 2017 The views expressed are mine, and not necessarily those of the Atlanta Fed or the Federal Reserve System. 2 The Fed s Dual Mandate The Fed is pursuing two objectives
The State of. National Conference of Fiscal Leaders Seminar San Diego, CA December 9, Donald J. Boyd
The State of State Budgets National Conference of State Legislatures Fiscal Leaders Seminar San Diego, CA December 9, 2009 Donald J. Boyd Senior Fellow State & local governments role as implementers of
Revenue Volatility: The Rhode Island Experience
Revenue Volatility: The Rhode Island Experience Paul L. Dion, Ph.D. Chief of Revenue Analysis Rhode Island Department of Revenue FTA Revenue Estimation and Tax Research Conference 2013 Annual Meeting October
Muhlenkamp & Company. Webcast November 30, Ron Muhlenkamp, Portfolio Manager Jeff Muhlenkamp, Portfolio Manager Tony Muhlenkamp, President
Muhlenkamp & Company Webcast November 3, 217 Ron Muhlenkamp, Portfolio Manager Jeff Muhlenkamp, Portfolio Manager Tony Muhlenkamp, President Muhlenkamp & Company, Inc. Intelligent Investment Management
GENERAL FUND REVENUE & ECONOMIC OUTLOOK. December 18, 2008 Fiscal Research Division Barry Boardman, Ph.D.
GENERAL FUND REVENUE & ECONOMIC OUTLOOK December 18, 2008 Fiscal Research Division Barry Boardman, Ph.D. Highlights As the recession deepens, economy-based taxes push general fund collections below forecast
VECTRA BANK 23 RD ANNUAL ECONOMIC FORECAST BREAKFAST START SMART IN 2016! Member FDIC VectraBank.com
VECTRA BANK 23 RD ANNUAL ECONOMIC FORECAST BREAKFAST START SMART IN 2016! Member FDIC VectraBank.com Economic Presentation April 26, 2016 Tatiana Bailey, Ph.D. Director, UCCS Economic Forum A Little Humor
Presentation to the Board of Trustees of the University of Illinois January 20, 2011
Presentation to the Board of Trustees of the University of Illinois January 20, 2011 Dr. David Merriman Professor and Associate Director Institute of Government and Public Affairs 2 Recent legislative
The Washington Area s Post- Federally Dependent Economy
Potomac Officers Club Post-Sequestration Summit The Washington Area s Post- Federally Dependent Economy Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for
Ontario Economic Accounts
SECOND QUARTER OF 2017 April, May, June Ontario Economic Accounts ONTARIO MINISTRY OF FINANCE Table of Contents ECONOMIC ACCOUNTS Highlights 1 Ontario s Economy Continues to Grow Expenditure Details 2
July 2012 Robert Johnson, CFA Director of Economic Analysis
U.S. Consumer: Key to World Growth Macro Overview July 2012 Robert Johnson, CFA Director of Economic Analysis 1 U.S. Economic Forecast 2012 Outlook: A Slow Start Before an Acceleration Real U.S. GDP Growth
Chad Wilkerson. Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City
Chad Wilkerson Vice President, Economist, and Oklahoma City Branch Executive Federal Reserve Bank of Kansas City www.kansascityfed.org Overview of the Federal Reserve System The Fed consists of three main
Outlook for the Texas Economy. Luis Bernardo Torres Ruiz, Ph.D. June 29, 2016
Outlook for the Texas Economy Luis Bernardo Torres Ruiz, Ph.D. June 29, 2016 Research Economist Texas Gas Association Contents 1. Economic Outlook 2. Housing Market 3. Challenges and Issues During the
The Illinois State Budget
70 East Lake Street Suite 1700 Chicago, IL 60601 www.ctbaonline.org The Illinois State Budget Tuesday, Rock Valley College, 3301 N Mulford Rd Rockford, IL 61114 Presented by: Ralph M. Martire, Executive
Five Year Forecast FY 2014 THROUGH FY 2018
Five Year Forecast FY 2014 THROUGH FY 2018 Purpose TO FORECAST THE OUTCOMES OF EXISTING LAWS, POLICIES, GUIDANCE, AND TRENDS TO EXPLORE WHAT THOSE OUTCOMES WILL LIKELY MEAN TO CITY/SCHOOL FINANCES TO PROVIDE
SUMMARY OF SELECTED ECONOMIC INDICATORS
SUMMARY OF SELECTED ECONOMIC INDICATORS RECENT DATA GRAPHS HISTORICAL DATA GRAPHS P.E.I. CONSUMER PRICE INDEX P.E.I. LABOUR FORCE STATISTICS CANADA/P.E.I. GROSS DOMESTIC PRODUCT, INCOME-BASED CANADA /
Zions Bank Economic Overview
Zions Bank Economic Overview Jackson Hole Mountain Resort March 20, 2018 National Economic Conditions When Good News is Bad News Is Good News?? Dow Tops 26,000 Up 44% Since 2016 Election Source: Wall Street
On October 4, 2006, President Bush signed the
NationalEconomicTrends December Political Economy of State Homeland Security Grants On October,, President Bush signed the Department of Homeland Security (DHS) Appro pri - ations Act for fiscal year 7
The Arkansas Economic Outlook
The Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR November 5, 2015 Disclaimer: The views expressed are my own, and do
ECONOMIC & REVENUE UPDATE
January 11, 2018 Summary summary The U.S. labor market gained 148,000 net new jobs in December. U.S. housing starts in November 2017 were 12.9% above their year-ago level. Consumer confidence declined
ECONOMIC OUTLOOK AND THE US LODGING INDUSTRY. Aran Ryan Director Tourism
ECONOMIC OUTLOOK AND THE US LODGING INDUSTRY Aran Ryan Director aran.ryan@tourismeconomics.com @AranRyan1 March 22, 2017 Some historical perspective Room demand expansion continues Pace of demand growth
ISSUE GUIDE ACTION GROUP NOVEMBER 17, 2009
ISSUE GUIDE ACTION GROUP NOVEMBER 17, 2009 CONTENTS About the Guide 2 Discussion 1: Michigan s Public Purse Priorities 3 General Fund Structural Budget Gap 4 K-12 School Aid Fund Structural Budget Gap
Michigan Socioeconomic Conditions and Trends: West Michigan Compared to East Michigan
Reports Upjohn Research home page 2007 Michigan Socioeconomic Conditions and Trends: Michigan Compared to Michigan Brad R. Watts W.E. Upjohn Institute Citation Watts, Brad R. 2007. "Michigan Socioeconomic
Economic Outlook June Economic Policy Division
Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198
The Arkansas Economic Outlook
The Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Arkansas Economic Development Institute, UALR December 1, 2017 Overview Review of Economic Conditions: Output
GENERAL FUND REVENUE REPORT & ECONOMIC OUTLOOK. November 2011 Barry Boardman, Ph.D. Fiscal Research Division North Carolina General Assembly
GENERAL FUND REVENUE REPORT & ECONOMIC OUTLOOK November 2011 Barry Boardman, Ph.D. Fiscal Research Division North Carolina General Assembly Overview General Fund revenue through October is $115 million
Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama
US Economic Outlook Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama Composite Can and Tube Institute Annual Meeting Point Clear, Alabama May
TAMPA AREA ECONOMIC SUMMARY
TAMPA AREA ECONOMIC SUMMARY This summary presents a sampling of economic information and indicators for both Hillsborough County and the Tampa Bay Metropolitan Statistical Area (MSA). These economic indicators
Economic Outlook June Economic Policy Division
Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198
Economic Activity Index
Economic Activity Index For the month of February 2010 March 30, 2010 GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO GDB-EAI: Commentary for the month of February 2010 The GDB-EAI reflects a year-over-year
NEW ENGLAND ECONOMIC OUTLOOK
NEW ENGLAND ECONOMIC OUTLOOK 16 th Annual Regional & Community Bankers Conference Federal Reserve Bank of Boston November 16, 2017 Mary A. Burke Senior Economist Federal Reserve Bank of Boston Disclaimer:
Consumer/Banking Outlook
Consumer/Banking Outlook Federal Reserve Bank of Chicago Economic Outlook Symposium December 2006 Carl Tannenbaum Chief Economist Household Spending Year-Over-Year Percent Change in Nominal Total Retail
December 6, Presented by: Christopher C. Harding COMMISSIONER. Kevin Brown GENERAL COUNSEL. Robert Mcconnaughey DEPUTY COMMISSIONER
Massachusetts Department of Revenue Briefing Book FY2019 Consensus Revenue Estimate Hearing December 6, 2017 Presented by: Christopher C. Harding COMMISSIONER Kevin Brown GENERAL COUNSEL Robert Mcconnaughey
The Transitioning Massachusetts Economy
The Transitioning Massachusetts Economy Alan Clayton-Matthews School of Public Policy and Urban Affairs Northeastern University February 4, 2011 MassEcon Members Meeting Quarterly Growth at Annual Rates
The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment
Economic Recovery: Wherefore Art Thou? Jon Haveman Chief Economist, BAC Economic Institute October, 211 The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment 6 GDP Growth (SAAR) and
State Handbook of Economic, Demographic, and Fiscal Indicators United States. by David Baer PUBLIC POLICY INSTITUTE AARP
State Handbook of Economic, Demographic, and Fiscal Indicars 2003 United States by David Baer PUBLIC POLICY INSTITUTE AARP Introduction The State Handbook of Economic, Demographic, and Fiscal Indicars
EXTERNAL ENVIRONMENT & BUSINESS FUNDAMENTALS. Matthew Marsh, EVP & CFO
EXTERNAL ENVIRONMENT & BUSINESS FUNDAMENTALS Matthew Marsh, EVP & CFO AGENDA U.S. Economic Conditions Housing Environment North America Capacity PAGE 2 KEY ECONOMIC INDICATORS STABLE GDP Growth S&P Index
An Examination of Current Economic Conditions in the Nation and in Arkansas
An Examination of Current Economic Conditions in the Nation and in Arkansas Kevin L. Kliesen, FRB St. Louis Charles S. Gascon, FRB St. Louis Michael R. Pakko, UALR November 5, 2015 Little Rock, AR Disclaimer
THE US ECONOMIC OUTLOOK
THE US ECONOMIC OUTLOOK US economy has been growing strongly but will slow (perhaps sharply). Martin Neil Baily with Jacob Funk Kirkegaard and Katharina Plück Institute for International Economics September
A View from the Fed: Slouching toward 2016
A View from the Fed: Slouching toward 2016 28 th Annual Economic Outlook Conference, University of Alabama Culverhouse College of Commerce Montgomery, AL January 14, 2016 The views expressed are those
Economic Activity Index ( GDB-EAI ) For the month of May 2013 G O V E R N M E N T D E V E L O P M E N T B A N K F O R P U E R T O R I C O
Economic Activity Index ( GDB-EAI ) For the month of May 2013 General Commentary May 2013 GDB-EAI for the month of May registered a 3.4% year-over-year ( YOY ) reduction May 2013 EAI was 126.7, a 3.4%
What Will The Montgomery County Economy Look Like in 2017
Montgomery County Chamber of Commerce What Will The Montgomery County Economy Look Like in 217 Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and University Professor Director, Center for Regional
CALHOUN COUNTY CHAMBER OF COMMERCE AND VISITORS CENTER
2017 Economic Forum CALHOUN COUNTY CHAMBER OF COMMERCE AND VISITORS CENTER Information provided by School of Business and Industry THANK YOU to our SPONSORS Calhoun County Economy Forum National Update
Summary. July 30, Blue Ribbon Revenue Panel c/o: Mr. Jim Ritsema, City Manager City of Kalamazoo 241 West South Street Kalamazoo, MI 49007
July 30, 2015 Blue Ribbon Revenue Panel c/o: Mr. Jim Ritsema, City Manager City of Kalamazoo 241 West South Street Kalamazoo, MI 49007 Dear Panel Members: Plante Moran has been commissioned by the City
2018 Economic Forum CALHOUN COUNTY CHAMBER OF COMMERCE AND VISITORS CENTER. School of Business and Industry. Information provided by
2018 Economic Forum CALHOUN COUNTY CHAMBER OF COMMERCE AND VISITORS CENTER Information provided by School of Business and Industry THANK YOU to our SPONSORS Calhoun County Economy Forum National Update
Oklahoma Economic Report
Oklahoma State Treasurer Ken Miller Oklahoma Economic Report Edmond Economic Development Authority March 23, 2017 Current situation February February Gross Receipts to the Treasury are higher than the
Colorado Legislative Council Staff
Colorado Legislative Council Staff Room 029 State Capitol, Denver, CO 80203-1784 (303) 866-3521 FAX: 866-3855 TDD: 866-3472 MEMORANDUM March 12, 2001 TO: Members of the General Assembly FROM: The Economics
Leading Economic Indicator Nebraska
Nebraska Monthly Economic Indicators: October 24, 2018 Prepared by the UNL College of Business, Bureau of Business Research Author: Dr. Eric Thompson Leading Economic Indicator...1 Coincident Economic
Staff GDP Forecast Summary
Staff GDP Forecast Summary Real growth: about ¾% (Q/Q) in 8 and ½% in 9. Forecast for 8 stronger than that presented at April 7 EAP. Forecasts for 8 and 9 similar to Blue Chip consensus. Outlook reflects
The Federal Reserve, Monetary Policy, and Economic Indicators
The Federal Reserve, Monetary Policy, and Economic Indicators Megan Williams Associate Economist Federal Reserve Bank of Kansas City, Oklahoma City Branch The Creation of the Fed The first two national
Housing and Credit Markets Outlook
Housing and Credit Markets Outlook FTA Revenue Estimating Conference Springfield, IL Amy Crews Cutts, SVP Chief Economist October 7, Equifax Inc. Government Shutdown and Debt Ceiling! As of October 1 st
S & P S H E A L T H C A R E C R O S S S E C T O R
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L S & P S H E A L T H C A R E C R O S S S E C T O R C O N F E R E N C E The outlook for the U.S. economy, the federal budget and the changing economics