You may have seen the forecast of Minnesota’s economy and budget in the news, but do you really understand what it means for the state? The headlines cover the basics: whether the economy is growing fast or slow, whether the budget outlook has worsened or improved, and what the reactions and budget priorities of politicians are when reviewing a forecast or budget. This seminar will go beyond the headlines.
State Economist Laura Kalambokidis will explain how Minnesota’s forecasts are developed and how they impact state budgets. For example, the February 2017 forecast will outline changes in projected spending and revenues. It will also be the starting point for negotiations between the governor and legislature about the state's two-year financial plan, which in turn, determines how much money is available for changes in taxes, spending, and reserves.
Kalambokidis also will discuss what drives the state’s economy, how the labor market is evolving, and how global economic events affect Minnesota businesses. In addition, she’ll evaluate how changing economic conditions impact the tax revenue collected by the state.
Be ready to share your own ideas about Minnesota’s economy, taxes, and spending priorities!
LearningLife seminars embrace Socrates's belief in inquiry and exchange. Seminars include both lecture and critical discussion. Tuition includes refreshments.
Laura Kalambokidis, PhD, University of Michigan; BS, University of Minnesota, is a professor of Applied Economics at the University. As Minnesota's State Economist, she is responsible for producing and presenting the state's revenue and economic forecasts. Kalambokidis was formerly a financial economist in the Office of Tax Analysis in the US Department of Treasury.