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Understand the 2016 Consensus Forecast for Washoe County, align community outlook, and inform long-range planning using various data sources such as Nevada State Demographer and Truckee Meadows Water Authority. Learn about forecasted population, employment growth, and economic indicators. Explore changes in age cohorts, industry employment, income levels, and jurisdictional splits for strategic planning. Questions? Contact TMRPA.
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2016 – 2036 Washoe County Consensus Forecast WRWC Agenda Item 8 Jeremy M. Smith, TMRPA 8/17/2016
2016 Consensus Forecast • What is a “consensus” forecast? • Combination of several sources • Why use a consensus approach? • Minimize bias and tends to increase accuracy • 2nd definition of consensus –> align community outlook • How is it used in our region? • Context for long-range planning efforts
Data sources • Assessment of forecasted population and employment growth; performed every 2 years by TMRPA to inform planning efforts across the region. • Sources • Nevada State Demographer • Truckee Meadows Water Authority • Woods and Poole • IHS – Global Insight
2016 Consensus Forecast • The consensus forecast also projects: • Changes in age cohorts • Employment by industry • Income levels • Jurisdictional splits