regional economic models inc. dr. mark d’amato senior economist bridging budget gaps modeling our...
TRANSCRIPT
REGIONAL ECONOMIC MODELS INC.
DR. MARK D’AMATOSENIOR ECONOMIST
Bridging Budget GapsModeling our Way to Fiscal
Solvency
Dual Crisis – Fiscal
42 states have budget shortfalls, FY2012
Source: Center for Budget and Policy Priorities (CBPP)
Balancing the Checkbook
What is the long-term fiscal and economic impact of…
…Changing tax rates?…Broadening tax base?…Phasing out income tax and offsetting revenue losses
with sales tax increase?…Cutting budget 10%?