Research / Fiscal Affairs


Webinar | October 2020

Impact of COVID-19 on Transportation Revenues and Construction

Roger Moore

The COVID-19 pandemic has created significant budget shortfalls for state and local governments across the nation. As the financial stress becomes more apparent, many policymakers have begun considering how revenue declines will impact transportation funding and construction projects in the years ahead. Although many projects were deemed essential at the outset of the pandemic and continued without interruption, more than a dozen states, including several in the South, have announced project delays and cancellations valued at more than $5 billion dollars nationally. Moreover, numerous initiatives and ballot measures related to transportation funding have been postponed due to the pandemic. This program outlines the near- and long-term impacts of the pandemic on transportation funding and construction by highlighting how states are responding to the anticipated decline in revenues on critical transportation projects.

Presentation:

Alison Premo Black, Ph.D., Chief Economist, American Road & Transportation Builders Association, Washington, D.C.


Policy Analysis | September 2020

Trade in the SLC Region Amid the COVID-19 Pandemic

Roger Moore

The COVID-19 pandemic upended global economic activity in the first quarter of 2020. Although the long-term impact of the pandemic remains unknown, the profound economic shocks experienced beginning in March, with widespread business closures and restrictions on movement, are expected to reverberate into 2021 and, possibly, beyond. In April, at the height of the pandemic, the World Trade Organization predicted that international trade could contract anywhere between 13 percent and 32 percent in 2020, as the flow of goods ground to a halt.1

By highlighting export and import data, as reported monthly by the U.S. Census Bureau, this SLC Policy Analysis depicts how the pandemic has impacted the U.S. economy. The data includes:

  1. Bi-monthly changes in imports and exports from July 2019 through January 2020;
  2. Bi-monthly changes in imports and exports from the beginning of 2020 until the most recent month for which data is available, currently July 2020; and
  3. Year-over-year changes in imports and exports during the most recent month for which data is available, currently July 2020.

Importantly, the monthly data provided by the Census Bureau only includes commodities. Exports and imports of services – such as travel and transportation, telecommunications, financial services and cultural activities, to name a few – are not included in the monthly data sets. Services account for a significant share of overall U.S. economic activity and have similarly been affected by the coronavirus-induced economic downturn.2

Continue Reading

SLC Fiscal Affairs and Government Operations Committee Virtual Program
Webinar | August 2020

New and Expanded Revenue Streams

Cody Allen

SLC Fiscal Affairs & Government Operations Committee Virtual Program

Presiding Officer: Representative Penny Houston, Georgia; Chair, SLC Fiscal Affairs & Government Operations Committee

As advances in technology both create new and reshape existing markets, states are looking to regulate and tax these emerging business models. These include digital streaming services, electronic goods, ridesharing services and short-term rentals, among others. With consumers shifting to embrace this new economy, and the market for digital goods and services growing exponentially, these emerging markets are replacing prior, and broadening existing, sources of state revenue. This program highlights how states' efforts to tax these new revenue sources and the economic impact these emerging markets could have on the Southern region. With the COVID-19 pandemic contributing to a significant economic downturn, supplementing existing revenues will be a necessary tool for policymakers facing possible budget reductions in fiscal year 2021 and beyond.

Presentation:

Brian Sigritz, Director of State Fiscal Studies, National Association of State Budget Officers, Washington, D.C.

2020-2021
Chair
Representative John Read, Mississippi

Representative
John Read

Mississippi

2020-2021
Vice Chair
Senator Kerry Roberts

Senator
Kerry Roberts

Tennessee

Immediate
Past Chair

Representative
Penny Houston

Georgia

Committee
Liaison
Cody Allen

Cody Allen
Policy Analyst


Since its creation, members of the SLC Fiscal Affairs & Government Operations Committee have focused on the myriad fiscal issues impacting state budgets and finances. Committee appointees include many of the finance and appropriations chairs from across the South along with other prominent fiscal players. The committee routinely examines the impact of the federal budget on state finances; state revenues and expenditures; national and regional economic outlooks; historical and developing fiscal trends; performance-based budgeting; e-commerce and taxation; and public pension plans. For more than 40 years, select fiscal research departments in the SLC member state legislatures have continued to provide annual Comparative Data Reports (CDRs), tracking revenue sources, appropriations levels, performance measures, and a multitude of other metrics in Southern states. A useful tool for legislators and legislative staff alike, CDRs are available for adult correctional systems, education, Medicaid and transportation.

More SLC Research into Fiscal Affairs


Policy Analysis | January 2020

Temporary Assistance for Needy Families (TANF)

SLC Regional Resource | March 2019

Sports Betting in the South

Other | January 2019

Issues to Watch - 2019

Policy Analysis | September 2018

Poverty Statistics for Southern States

Policy Analysis | September 2017

SLC Member State Revenue Increases

Comparative Data Reports | July 2017

Adult Correctional Systems, Education and Medicaid

Webinar | December 2015

SLC State Pensions: Latest Developments

Policy Analysis | July 2015

Public Pension Trends and Developments

Presentation | September 2014

Transportation Funding in the States

Policy Analysis | November 2013

Southern States' Legislative Budget Formats

Policy Analysis | January 2013

Fiscal and Economic Trends in the South

Presentation | July 2012

State Retirement Systems: Recent Trends

SLC Fiscal Alert | July 2012

Public Pensions: Emerging Trends

Comparative Data Reports | July 2012

Medicaid, Revenue and Transportation

Presentation | January 2012

State Retirement Systems: Recent Trends

SLC Regional Resource | January 2012

Municipal Bonds: Trends in 2011

Presentation | November 2011

State of State Budgets

Policy Analysis | October 2011

State Revenue Trends

Policy Analysis | November 2010

Economic Impact of the Great Recession

Presentation | October 2010

State Fiscal Issues

Presentation | July 2010

State Fiscal and Economic Outlook

Comparative Data Reports | November 2009

Adult Correctional Systems, Education and Revenue

Presentation | May 2009

State Fiscal and Economic Outlook

Presentation | May 2009

Fiscal Outlook for the States

Presentation | March 2009

State Retirement Systems: Recent Trends

Presentation | March 2009

Fiscal Outlook for the States

Presentation | February 2009

Economic Status of the States

SLC Issue Alert | December 2008

Mid-Year Education Budget Reductions

SLC Issue Alert | June 2008

Actuarial Estimates in Public Pensions

SLC Special Series Report | June 2008

Innovative Programs in Funding State Homeland Security Needs

Comparative Data Reports | November 2007

Adult Correctional Systems, Education, Medicaid and Revenue

Presentation | November 2006

State Retirement Systems: Recent Trends

SLC Regional Resource | January 2006

State Rural Initiatives: Where the Money Comes From

SLC Special Series Report | October 2004

America's Public Retirement Systems: Stresses in the System

SLC Special Series Report | October 2004

Doing the Math: Southern State School Finance Systems

Presentation | December 2002

The Fiscal Crunch Confronting the South

Comparative Data Reports | November 2000

Adult Correctional Systems and Medicaid