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Forum on the Economy. “Practical solutions to our fiscal crisis are possible if we work together.” -- Dwight Evans. January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net. Lengths of Recessions. Forum on the Economy. January 2009
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Forum on the Economy “Practical solutions to our fiscal crisis are possible if we work together.” -- Dwight Evans January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Lengths of Recessions Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net Source: Federal Reserve Bank, Philadelphia
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Loss on Investments Through December 2008 Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Commonwealth Checkbook Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Out-Year Issues • Demand for services outpaces revenue growth • Continuing effect of Baby Boomers • Retirement costs increase dramatically in 2012/13 • Health care inflation • Act 44 – Transportation funds decline in 2010/11 • One-Time Fixes Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net
Solutions Rainy Day Fund Federal Fiscal Stimulus Increased Efficiencies Program Cuts Tax or fee increases Forum on the Economy January 2009 House Committee on Appropriations Rep. Dwight Evans, Chairman http://www.hacd.net