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PI+ Demonstration: Evaluating Tax and Government Assistance

PI+ Demonstration: Evaluating Tax and Government Assistance. Presented By Chris Brown Assistant Economist, REMI. Partial List of Users who Evaluate Tax. Texas Comptroller New York City Independent Budget Office Missouri State Auditor’s Office New Mexico Legislature

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PI+ Demonstration: Evaluating Tax and Government Assistance

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  1. PI+ Demonstration: Evaluating Tax and Government Assistance Presented By Chris Brown Assistant Economist, REMI

  2. Partial List of Users who Evaluate Tax • Texas Comptroller • New York City Independent Budget Office • Missouri State Auditor’s Office • New Mexico Legislature • Ohio’s Governor’s Office • Utah's Governor’s Office • Massachusetts Department of Finance

  3. Stimulus Package www.recovery.gov

  4. Balanced Budget Dilemma • States facing large budget shortfalls due to an unprecedented economic downturn • Tax increases reduce attractiveness of the state to businesses and individuals • Reducing government weakens the economy

  5. Model Flexibility

  6. Dynamic Properties

  7. Structured Analysis

  8. Tax Scenario • Tax • Sales Tax • Consumer Price variable • Income Tax • Personal Taxes *Tax variables require a change in the revenue generated or lost from a policy change

  9. Government Spending Scenario • Government Spending • Government sponsored program will reduce electricity prices • Electricity (Industrial Sector) Fuel Costs • Electricity (Commercial Sector) Fuel Costs • Offset program with government spending decrease and compare results

  10. Model Demonstration

  11. Conclusion

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