Special Briefing: Stress-Testing State Budgets and the Critical Role of Rainy Day Funds

Penn IUR and the Volcker Alliance will host an online briefing to discuss the economic and fiscal scenarios posed by the coronavirus pandemic for US states and municipalities as well as how governments may choose to deploy fiscal reserves to help preserve essential services. Moderated by William Glasgall, Volcker Alliance senior vice president and director of state and local initiatives, and Susan Wachter, Co-Director of Penn IUR, this briefing will be the second in a series of 60-minute online conversations featuring experts from the Volcker Alliance’s national research network and Penn IUR, along with other leading academics, economists, and fiscal policy leaders from around the U.S. This special briefing will feature Katherine Barrett and Richard Greene, Special Project Consultants at the Volcker Alliance, Principals of Barrett & Greene Inc., and authors of Rainy Day Fund Strategies: A Call to Action (Volcker Alliance, 2019), Scott Pattison, former Executive Director of the National Governors Association and former Executive Director of the National Association of State Budget Officers, and Dan White, Director of Government Consulting and Fiscal Policy Research at Moody’s Analytics and author of the annual Stress-Testing States reports.