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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%?