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Budget Structures, Taxes, and Strategies Webinar

Event Type
Lecture
Sponsor
University of Illinois Extension Office
Location
Webinar
Date
Oct 29, 2020   12:00 pm  
Speaker
Dr. Beverly Bunch (UIS), Dr. Sai Kriz (UIS) and Dr. Yonghong Wu (UIC)
Cost
Free
Registration
Registration
Views
6
Originating Calendar
CPAA Dean's Office

Local governments have become concerned about potential reductions in intergovernmental revenue due to the coronavirus pandemic and the related federal and state budget uncertainty. While essential public services and debt payments must continue, the revenue to sustain them is in question. Dr. Arwi Kriz uses municipal budget data from the State Comptroller’s local government data warehouse from 2010 to 2019 to analyze city finances. Her profiles of groups of cities based on their financial condition, debt levels, and revenue and expenditure structures will help present a case for balancing municipal budgets using these profiles and existing academic literature.

Local property and sales taxes are major sources of revenue for municipal governments in Illinois. Municipal governments are quite concerned with possible large reductions in revenue production from the two taxes, but substantial uncertainty exists regarding the magnitude of the decline.  Dr. Yonghong Wu will discuss municipal property and sales taxes will be affected by COVID Pandemic, in taking lessons from the Great Recession of 2007-2009. Based on existing literature and municipal revenue data, Dr. Wu will explore the pattern of volatility of municipal property and sales taxes during the Great Recession and discuss how the two broad-based taxes will likely perform during and after the current COVID pandemic.

Dr. Beverly Bunch will present findings from the Volcker Alliance State Budgeting Study with Possible Implications for Local Governments. This presentation will provide an overview of the Volcker Alliance’s Truth and Integrity in State Budgeting study. The presentation will provide a summary of the findings, focusing on the State of Illinois. The presenter also will discuss ways in which the Volcker Alliance budget study may provide useful strategies for local governments that are faced with fiscal challenges due to COVID-19.

Speaker Bios:

Beverly Bunch is a professor in the Public Administration Department at the University of Illinois Springfield. She teaches public budgeting, intergovernmental relations, and capital budgeting. Her major research expertise is state and local government budgeting and the financing of public infrastructure.  She has a Ph.D. in Public Policy Analysis from Carnegie Mellon University and previously worked for the City of San Antonio and the State of Texas. She has published articles in journals such as the Public Administration Review, Public Budgeting and Finance, and the Municipal Finance Journal.

Dr. Arwi Kriz (née Srithongrung) is currently a Research Fellow in the Institute for Illinois Public Finance (IIPF), University of Illinois-Springfield. Prior to joining IIPF, she was an Associate Professor for 12 years at Wichita State University and the University of Nebraska. Dr. Kriz has expertise in public budgeting and finance, fiscal policy, economic growth, and performance measurement. To date, she has published her work in almost 30 peer-reviewed journal articles and book chapters, and 2 books. She has presented more than 40 papers at national and international academic and professional conferences and secured numerous grant-funded research projects. In addition to her teaching and research experience, Dr. Kriz has worked with several state and local governments on consulting projects including the annual revenue forecast for the City of Omaha, a charitable tax credit analysis for the State of Nebraska, an analysis of the State of Kansas’s tax on groceries and an analysis of the relationship between arts and cultural activity, creative class and knowledge worker employment, and income growth in Wichita, Kansas. Dr. Kriz obtained her Doctor of Public Administration (DPA) from the University of Illinois-Springfield and her Master of Public Administration (MPA) from the University of Missouri-Kansas City.   

Dr. Yonghong Wu is currently a Professor in the Department of Public Administration at University of Illinois at Chicago. Dr. Wu’s recent research has focused on state and local fiscal policy-making, municipal public finance issues, and government funding of academic research. He has recently published articles in Local Government Studies, Public Budgeting & Finance, Science and Public Policy, and State and Local Government Review.

University of Illinois Extension provides equal opportunities in programs and employment. For reasonable accommodation, please contact Nancy Ouedraogo at esarey@illinois.edu.

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