Understand the impact of economic and policy changes on your tax revenue
As regional economies become increasingly intertwined, events previously thought of as irrelevant or far-flung can now have direct local level impacts. Everything from new tariffs to changing consumer spending to new import patterns can influence local government revenue. For example, weakening economic growth in key Asian economies may weaken export demand for producers in your area. Fluctuating exchange rates and new tariffs may curtail ability for producers to meet demand or influence consumer spending.
Bottom line? Basic models that look only at a local or national geography without incorporating global impacts are insufficient to reliably predicting revenue.
As a strategic partner with award-winning modelling processes and over fifty years of experience, we help our clients quantify how economic and policy changes impact their jurisdictions’ capacity to fund and deliver vital public services. We work closely with city, county, and state governments and legislative officials to help budget and forecast their tax revenues using our custom tax revenue forecasting models or by providing forecasts of key economic drivers.