Podcasts about state budget officers

Join William Glasgall, Penn IUR Fellow and Volcker Alliance Public Finance Advisor, and Susan Wachter, Co-Director of Penn IUR and Wharton professor and our expert panel as we address the rapidly darkening outlook for state and local budgets and what this means for policymakers, taxpayers, and investors. Panelists include Jonathan Womer, Director, Rhode Island Department of Administration; Emily Brock, Director, Government Finance Officers Association Federal Liaison Center; Shelby Kerns, Executive Director, National Association of State Budget Officers; Vikram Rai, former Head of Municipal Markets Strategy, Wells Fargo; Teryn Zmuda, Chief Economist, National Association of Counties. As the widely adopted July 1 start of their new fiscal year approaches, many states are facing fiscal challenges that few governors were anticipating as they delivered their annual budget messages only a few months ago. Even though states started 2025 projecting healthy cash reserves of almost $300 billion, that cushion will be tested by the Trump administration's suspension of tens of billions of dollars in U.S. grants as well as potential cuts by Congress to federal Medicaid funds. A possible threat to the federal tax exemption on most municipal bonds, the impact of a global tariff war, and the rising likelihood of a U.S. recession will also further constrain state and local budgets even as several years of record post-COVID federal stimulus comes to an end. Notable Quotes: “Other budget pressures that states are grappling with right now include education and housing affordability. On the revenue side, we have a slowing economy, as well as the impact of tax reductions that have slowed revenue growth.” - Shelby Kerns “State and local governments themselves bear 75% of the cost of infrastructure in this country, and we do that by design. We like to make capital decisions locally. But we need to have the market to underpin those streets, clean water, schools, affordable housing, and so much more.” - Emily Brock “The real difficulty on the operational side for states right now is the uncertainty that's coming out of Washington. As the [Trump Administration] proposes new executive orders, in particular cuts, and then the courts turn those around in a different way, you're left with a lot of volatility from an operational perspective, trying to figure out how to plan and strategize going forward.” - Jonathan Womer “Another challenge which I believe is facing the muni market is a liquidity crisis. I worry that we could see more broker-dealer exits from the muni market, which would hamper liquidity very adversely.” - Vikram Rai Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by Penn IUR and the Volcker Alliance, and made possible by funding from The Travelers Institute. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.

Among the recent inductees to the National Academy of Public Administration, is a former state budget official. For how the federal government looks from a state point of view, Federal Drive Host Tom Temin spoke with that official, Shelby Kerns, who is now the Executive Director of the National Association of State Budget Officers. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Among the recent inductees to the National Academy of Public Administration, is a former state budget official. For how the federal government looks from a state point of view, Federal Drive Host Tom Temin spoke with that official, Shelby Kerns, who is now the Executive Director of the National Association of State Budget Officers. Learn more about your ad choices. Visit megaphone.fm/adchoices

As governors and mayors announce their spending plans for fiscal 2024, the panel of experts discuss state and local budgets in uncertain times. Our panel of experts includes Shelby Kerns, executive director, National Association of State Budget Officers; Eric Kim, senior director, Fitch Ratings; Lauren Larson, director, Colorado Governor's Office of State Planning and Budgeting; and Gabriel Petek, legislative analyst, State of California. Notable Quotes: Notable Quotes: “People only think about the impact on state budgets when we are facing a recession, when it's getting closer, when the risks are getting higher; I can assure you that state budget officers are always thinking about it. They're always planning for it.” - Shelby Kerns “We think states are well positioned for volatility. After the Great Recession states really had more than a decade to recover and learn the lessons about revenue forecasting and building up fiscal resilience. I think for the most part, they took that to heart and came into the pandemic with a solid set of tools to manage volatility.” - Eric Kim “This is a really exciting time in Colorado. Our revenues last year were up 24% and as a benchmark, we are measuring our trendline from pre-pandemic and we are exceeding our pre-pandemic trend line....” - Lauren Larson “But I do want to be clear: Our office is not saying that the state should never use reserves. If after solving the level of deficit that we estimate the problem has gotten worse or the economy is going into a recession, we would say that that is the time to use reserves and it would be warranted at that point.” - Gabe Petek Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.

In a Special Briefing hosted by the Volcker Alliance and Penn IUR an expert panel discusses actions states and municipalities are taking related to tax relief, if they will provide inflation relief or spur economic growth—or whether they will lead to shortfalls if rising interest rates end in recession, just as much of the pandemic aid is set to expire. This Special Briefing features a panel of experts, including Alex Adams, budget director, Idaho; Beverly S. Bunch, professor, School of Public Management and Policy, University of Illinois Springfield; Howard Cure, partner and director of municipal bond research, Evercore Wealth Management and Shelby Kerns, executive director, National Association of State Budget Officers. Notable Quotes: “Lifted by federal support and unexpectedly strong revenue growth after the pandemic hit, rainy day funds hit a record of 13.5 percent of shared general fund expenditures in fiscal 2021.” - Shelby Kerns “If you're say cutting a gas tax within a state and that state uses the gas tax or leverages the gas tax to issue debt for basic transportation infrastructure needs, what happens when you suspend it?” - Howard Cure “It's not what you do in bad times, it's what you do in good times that will set you up for success or failure in the future.” - Director Alex Adams Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.

With states wrapping up FY 2021 and enacting FY 2022 budgets, the unique challenge of allocating the $350 billion in direct aid contained in the $1.9 trillion American Rescue Plan Act was being across the US. The expert panel discusses the impact on state budgets of the act's assistance to individuals and families, educational institutions, and health care and mass-transportation systems. This special briefing features a panel of experts, including Shelby Kerns executive director, National Association of State Budget Officers; Hughey Newsome, chief financial officer, Wayne County Michigan; Kim Norton, mayor of Rochester, Minnesota; Mark Zandi, chief economist, Moddy's Analytics. Notable Quotes: “The economy should be back to full employment, or something pretty close to that, by late 2022 or early 23,” Mark Zandi. “Beating those catastrophic revenue projections that we were all talking about a year ago doesn't necessarily mean that states are back to where they thought they would be,” Shelby Kerns. “One thing we're looking at as we go forward is, what're some of the things we are putting this money into? Is it an investment that provides a recurring reduction and an operational expenditure, or recurring increase in our general revenue?” Hughey Newsome. “Our estimation, in the city of Rochester, we are going to see the greatest hit this coming year in the 2022 budget that we're working on right now.... And so, we are frontloading our ARPA funds to fill that gap in the first two years,” Kim Norton. Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.

After the passage of the second federal COVID-19 relief funding in late 2020, public finance experts discuss the outlook for further federal stimulus and state and local revenues and budgets as the rollout of new vaccines brings hope for an easing of the COVID-19 pandemic. This special briefing features a panel of experts, including Shelby Kerns, executive director, National Association of State Budget Officers; Eric Kim, senior director and head of US State Ratings, Fitch Ratings; Vikram Rai, managing director and head of the Municipal Strategy Group, Citigroup; Mark Zandi, chief economist, Moody's Analytics. Notable Quotes: “After the Great Recession, even as revenues began to grow again in 2011, it took until FY 2013 for state general fund revenues to surpass the 2008 levels without adjusting for inflation. States did not see a return to 2008 levels until 2018, in inflation adjusted terms” - Shelby Kerns “Fitch's credit outlook for state and local governments this year is stable relative to a very challenging 2020. Last year we downgraded four states ratings, Alaska, Hawaii, Illinois, and New Jersey, and we've got six ratings right now on a negative outlook, Alaska, Illinois, Kentucky, Nevada, New Jersey, and New York” - Eric Kim “With respect to the economy, we're off to a tough start. 2021 is starting much like 2020, the economy is struggling, and it not surprisingly goes back to the pandemic.” - Mark Zandi Be sure to subscribe to Special Briefing to stay up to date on the world of public finance. Learn more about the Volcker Alliance at: volckeralliance.org Learn more about Penn IUR at: penniur.upenn.edu Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.

We talk with Erica Mackellar, Program Principle for the National Conference of State Legislatures & Shelby Kerns, Executive Director of the National Association of State Budget Officers. We discuss tools and strategies states may be looking at for fiscal recovery, the fiscal year 2020 projects both pre and post COVID-19, the role the Central Procurement Office plays in state budgets, and more!

Thirteen percent of American workers are employed by a state government, and states get about 70 percent of their income from sales and income taxes. But with businesses shuttered and unemployment claims surging, local governments are facing a huge financial crunch. Here to talk us about what states are facing and what’s ahead is Marc Nicole. He’s president of the National Association of State Budget Officers and the deputy secretary of the Department of Budget and Management in Maryland.

Quote:  “The devil is always in the details, right?” —Mark Baird   About: If the State of Jefferson ever formed, it’s unlikely Anthony Bourdain would ever travel there for its pizza or burritos. Mark Baird, the “unofficial” leader of the State of Jefferson movement, likes to think they’d be known for their buffalo burgers. Though, he’ll admit, he’s in the minority. Most people behind this movement, he says, would probably prefer beef. Being in the minority is a feeling he’s had for quite some time. Living in Northern California with Baird’s heavy libertarian point-of-view would likely drive most people crazy, and out of the state. But Baird wants to stay. He’d just prefer he was living in a new state, a State of Jefferson. Feeling that he’s had no representation in how Sacramento operates, this semi-retired pilot and former buffalo rancher has spent the past several years convincing thousands of citizens along with cities, counties and mayors to join his grass-roots movement. In Part II of II of this story, we ask how Baird plans to form this new state and look into the financials, legality and likelihood of whether the State of Jefferson can ever live up to being more than just a state of mind. Show Notes: [00:25] Mark Baird’s speech on 05.31.17 in front of California State Capitol building in Sacramento [00:55] “Borough” by Blue Dot Sessions [02:25] See Citizens for Fair Representation et al. v. Padilla Recommended: A recent 60 Minutes profile of Gov. Brown (CBS News) [02:30] The photo of California Gov. Jerry Brown looking at a flag of the State of Jefferson [04:15] “This Land Is Your Land” performed by Sharon Jones & the Dap Kings [04:50] Recommended: Listen to Part I before listening to this episode [09:35] Light reading on Kevin Hendrick (The Union) Earlier profile of the movement (The Sacramento Bee) [11:45] One of the first counties the State of Jefferson movement made its case back in 2013 (Siskyou Daily News) Results of Ballot Measure A in 2014 on the matter of state-split question And an economic overview [12:00] Light reading on Tehama County [12:25] Results of Del Norte County’s state-split ballot measure (Associated Press) [13:05] “Jefferson State of Mind” performed by local musician CQ [13:20] Official map of the State of Jefferson and its declared counties Results of Measure G on state-split question The county’s Board of Supervisors placing issue on the ballot (The Sacramento Bee) A short news brief on the results of the vote (USA Today) And an economic overview [13:40] Light reading on Lassen County [13:45] Map of the State of Jefferson according to Keep It California [16:30] “Borough-Alternate Opening” by Blue Dot Sessions [16:55] Richard Seel’s presentation on the State of Jefferson’s financial model called “Show Me the Money” An earlier presentation of his model The latest spreadsheet detailing the financial model [17:00] Light reading on Steve Baird And on budgets and spending (NASBO) And on state budgets and the federal government (NASBO) And a break down of how state budgets are formed (California Budget Project) [17:45] A short primer on state taxes and revenue (National Association of State Budget Officers) [19:05] List of U.S. States by budget size [19:10] A bigger breakdown of state budgets including Nebraska Holistic overview of California’s total debt (California Policy Center) Related: An old report from 60 Minutes on the state budget crisis Unrelated: A primer on the federal debt and deficit [20:30] The $340 billion number comes from a 2014 report (Los Angeles Times) [20:55] “Borough Celeste-Solo” by Blue Dot Sessions [21:35] Light reading on zero-percent interest rates (Investopedia) And additional reading on the California wildfires (BBC News) [22:05] Light reading on Montana’s wildfires and its budget short fall (Rapid City Journal) Related: New Mexico’s list of state departments [22:30] California’s list of 343 state agencies [24:50] Light reading of an old profile on Peter Thiel (The New Yorker) [25:00] “Sunset on the Ganja Farm” by The State of Jefferson Band [25:10] More on the Colorado pot boom (The Denver Post) [26:15] More on Dan Walters (@DanCALmatters) here [27:00] An overview of California’s economic output by region (The Sacramento Bee) And an economic forecast (Calif. Department of Transportation) [28:30] Current breakdown of Siskyou County, where Baird lives [30:05] Light reading on U.S. history and the partitioning of states Additional reading on how to become a state (How Stuff Works) [30:25] Light reading on how admission into the Union And Puerto Rico (Newsweek) President Donald Trump comments on San Juan Mayor Carmen Yulín Cruz Soto (Fox News) [32:10] More on the Washington D.C.’s bid for 51 (NPR) A much deeper and thorough dive on how Tennessee became a state [32:40] Light reading on the Tennessee Plan (The Orlando Sentinel) [32:55] “Tennessee” by Jimmy Martin [34:05] Light reading on the City (Town) of Fort Jones [35:15] The original lawsuit filed against California Secretary of State Alex Padilla [36:20] “Lamb Drop-Minor Feel” by Blue Dot Sessions [38:05] “Coronea” by Blue Dot Sessions [38:20] Note: The Citizens for Fair Representation is technically a DBA for the State of Jefferson Formation, which is based in Nevada, as noted here. And confirmed here. (Yreka News) California’s State Constitution of 1879 (see: Article V) [38:50] California’s population growth over the years [39:15] Representation ratio based on California population in 1879 Additional reading here Recent column on the measure in the New York Times [39:40] Light reading on the Apportionment Act of 1929 [40:10] More on the Hamilton-Vinton Model Power In Numbers: Reapportionment and the Constitution (Constitution Center) Congressional Apportionment: Past, Present and Future (Duke University) The House of Representatives Apportionment Formula: An Analysis of Proposals for Change and Their Impact on States (Congressional Research Service) The 1911 House Reapportionment (House.gov) Op-ed for enlarging the number of representatives (The New York Times) Methods of Apportionment (US Census) [39:40] Related reading on Congressional Apportionment: [41:40] Herbert Hoover’s full speech in St. Louis, MO in 1932 (CSPAN) [42:50] Assemblymember Paul Fong on Local Edition [42:55] See Article XIX here [43:15] Light reading on the Chinese Exclusion Act of 1882 [43:30] More on California’s apology to the Chinese here (TIME) [46:10] “Velejo-Atmo” by Blue Dot Sessions [47:50] “Lord Weasel-Thoughtful Bridge” by Blue Dot Sessions [48:00] Full text of the Declaration of Independence (National Archives) [48:25] Background on Margalynne Armstrong [48:40] “March on Gumdrop Field-Cello Leader” by Blue Dot Sessions The 14th Amendment The impeachment of Andrew Johnson (Politico) Recommend Listen: More Perfect’s American Pendulum II [48:45] Light reading on: Recommend Listen: More Perfect’s The Political Thicket [50:15] Audio from Baker v. Carr (Oyez) [50:20] Audio from Reynolds v. Simms (Oyez) [50:40] “The Telling” by Blue Dot Sessions Related: The Guarantee Clause and California’s Republican Form of Government (UC Berkeley) [53:10] Guarantee Clause [53:30] Citizen for Fair Representation and Baird’s motion to intervene in LaVergne v. United States House of Representatives [52:10] More on the State of California’s motion to dismiss the Citizens for Fair Representation lawsuit (Siskyou Daily News) [54:25] More on Scott Stafne [01:00:40] “Velejo-Tense” by Blue Dot Sessions Historian Robert Calhoon polls support for the Revolution around 40 percent US Department of Veteran Affairs numbers Some additional forum chatter on Reddit’s r/AskHistorians Some light reading on Three Percenters Some recommended viewing on the Three Percenters (VICE) More additional reading on the Three Percenters (Anti Defamation League) And one last bit on the Three Percenters (politicalresearch.org) Light reading on the Oath Keepers (VICE) Additional reading on the Oath Keepers (Washington Post) A profile on the Oath Keepers (Mother Jones) [01:00:50] Some links to debunk the “three-percent myth” Excerpt played from this airing [01:01:55] “Jefferson State of Mind” on KCNR 1460 Southern Poverty Law Center’s spotlight on the State of Jefferson Oregon Public Broadcasting Quartz Gawker St. George News Los Angeles Times [01:03:30] More on LaVoy Finicum from [01:03:50] Light reading on the Malheur Standoff (The Oregonian) [01:04:10] Released video of Finicum’s traffic stop [01:07:00] “Olsted Harten” by Blue Dot Sessions [01:10:00] Recommended Podcast: Closer Than They Appear[01:10:10] Recommended Podcast Newsletter: Constant Listener

In the first episode of StateScoop Radio's new "Priorities" podcast series, two state IT officials and a representative from the National Association of State Budget Officers talk about how state IT has emerged from the Great Recession and ways that the enterprise has cut costs and positioned itself ready to take on an uncertain budget future.

Jokes: The Book Lunching with a friend in a fast food restaurant, I was telling her about a teenager who had rear-ended my car. The teen blamed me for the accident. "She called me every name in the book!" I said. Just then I looked over to the next table where two nine-year-old boys had apparently been paying close attention to my story. One said to the other, "There's a book?" A Birthday Number A couple phoned a neighbor to extend birthday greetings. They dialed the number and then sang "Happy Birthday" to him. But when they finished their off-key rendition, they discovered that they had dialed the wrong number. "Don't let it bother you," said a strange but amused voice. "You folks need all the practice you can get." On Our Mind: Gifted Bias: http://www.nytimes.com/2010/06/01/nyregion/01gifted.html?ref=education "Graduation" Summer Time From the Twitterverse: Advisory: Bullying Awareness Project Teacher Page: http://www.ldcsb.on.ca/schools/cfe/rpt/RPT_Zero_Tolerance/teacher.html Student Page: http://www.ldcsb.on.ca/schools/cfe/rpt/RPT_Zero_Tolerance/student.html Listeners: Robert sent along the web site: http://www.hippocampus.org/ Tech Tools: Notalon http://bitbucket.org/saketh/notalon/overview Webspotlight: UDL Discussion http://lisaslingo.blogspot.com/2010/05/why-wont-more-teachers-set-up-udl.html?spref=fb Rethinking Schools As a special introduction to our new website, the text of the entire summer issue of Rethinking Schools is accessible here, free of charge. If you aren’t already a member of Rethinking Schools, we hope a look at the exciting and thought-provoking articles in this issue will inspire you to join. http://www.rethinkingschools.org/index.shtml Will the iPad make kids smarter? http://www.examiner.com/x-46117-Long-Island-iPad-Examiner~y2010m6d5-Will-the-Apple-iPad-make-kids-smarter?cid=channel-rss-Gadgets_and_Tech News: Districts' Financial Crisis Is Not the Time to Talk Reform By Harold J. Kwalwasser Financial chaos does not promote positive change. When districts’ funding is uncertain, administrators and school boards have no time to worry about innovation and transformation. All life is sucked from discussions of reform. The nitty-gritty of how to balance the budget, whether it is how many teachers to fire or which programs to cut, drowns out any consideration of real, long-term improvement. http://www.edweek.org/ew/articles/2010/06/03/33kwalwasser.h29.html?tkn=XQQF13b3BxIwIjwm%2FHgRJ0uyoj6rmBYizVXS&cmp=clp-edweek 4 Day Weeks gain popularity During the school year, Mondays in this rural Georgia community are for video games, trips to grandma's house and hanging out at the neighborhood community center. Don't bother showing up for school. The doors are locked and the lights are off. http://www.edweek.org/ew/articles/2010/06/04/358869usfourdayschoolweek_ap.html?tkn=WVTFdqIRlkDrbw0wXdYDRUmFzEFsRwCKamBh&cmp=clp-edweek States' Fiscal Condition Still Dismal, New Report Finds By Alyson Klein on June 3, 2010 10:30 AM State finances remain as bad as they have been in decades, and the fiscal picture isn't likely to clear up anytime soon, according to a report released this morning by the National Governors Association and the National Association of State Budget Officers. http://blogs.edweek.org/edweek/campaign-k-12/2010/06/states_are_still_in_terrible_f.html Events & Happenings: