The Urban Institute’s State and Local Finance Initiative invites you to join a virtual discussion on what lies ahead for state budgets in fiscal year 2023.

State and local government officials have had to adapt and adjust their budgets in the past two years because of unprecedented changes caused by the pandemic. State leaders originally thought the pandemic would lead to sharp cuts in revenues, but thanks to recent economic dynamics and robust federal aid, many states collected higher revenues than anticipated. However, states still face fiscal challenges due to rising inflation, geopolitical uncertainty, supply-chain shortages, the lingering impact of the pandemic, and changing consumer behavior.

Speakers will highlight states’ current economic and fiscal outlook and trends in recently enacted state budgets.

Speakers

• Lucy Dadayan, Senior Research Associate, Urban-Brookings Tax Policy Center
• Shelby Kerns, Executive Director, National Association of State Budget Officers
• Mark Zandi, Chief Economist, Moody’s Analytics
• Liz Farmer, Independent Fiscal Policy Expert and Journalist (moderator)