ABOUT THIS EPISODE
With Congressional inaction on COVID-19 relief aid since the passage of the CARES Act in March 2020, panelists in this episode focus on how states and localities are addressing trillions of dollars in public employee retirement obligations as governments attempt to balance budgets amid the COVID-19 pandemic and recession.
This special briefing features a panel of experts, including Donald J. Boyd, co-director, State and Local Government Finance Project, Center for Policy Research, Rockefeller College of Public Affairs & Policy, University at Albany; David G. Lenze, economist, Regional Accounts, US Bureau of Economic Analysis; Timothy Little, director and lead analyst, US States, S&P Global Ratings US Public Finance; Stephanie A. Miner, former Mayor of Syracuse, NY, and Volcker Alliance Board Member; Herman B. Santos, Chairman, Board of Retirement, and Vice Chair, Board of Investments, Los Angeles County Employees Retirement System.
Notable Quotes:
“In the past, liabilities have been growing faster than state economies, but over the last five years they have been growing slightly slower.” - David Lenze
“When interest rates are this low, you have to have relatively risky assets to high-risk assets, or else you have to reduce your return assumptions.” - Donald Boyd
“So, while we are in good financial position at this point, my fear is that unless the federal government steps in and helps the local agencies we will be in serious trouble.” - Herman Santos
“Unhappy pension funds are unhappy each in their own way.” - Stephanie Miner
Be sure to subscribe to Special Briefing to stay up to date on the world of public finance.
Learn more about the Volcker Alliance at: volckeralliance.org
Learn more about Penn IUR at: penniur.upenn.edu
Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn
Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.
This special briefing features a panel of experts, including Donald J. Boyd, co-director, State and Local Government Finance Project, Center for Policy Research, Rockefeller College of Public Affairs & Policy, University at Albany; David G. Lenze, economist, Regional Accounts, US Bureau of Economic Analysis; Timothy Little, director and lead analyst, US States, S&P Global Ratings US Public Finance; Stephanie A. Miner, former Mayor of Syracuse, NY, and Volcker Alliance Board Member; Herman B. Santos, Chairman, Board of Retirement, and Vice Chair, Board of Investments, Los Angeles County Employees Retirement System.
Notable Quotes:
“In the past, liabilities have been growing faster than state economies, but over the last five years they have been growing slightly slower.” - David Lenze
“When interest rates are this low, you have to have relatively risky assets to high-risk assets, or else you have to reduce your return assumptions.” - Donald Boyd
“So, while we are in good financial position at this point, my fear is that unless the federal government steps in and helps the local agencies we will be in serious trouble.” - Herman Santos
“Unhappy pension funds are unhappy each in their own way.” - Stephanie Miner
Be sure to subscribe to Special Briefing to stay up to date on the world of public finance.
Learn more about the Volcker Alliance at: volckeralliance.org
Learn more about Penn IUR at: penniur.upenn.edu
Connect with us @VolckerAlliance and @PennIUR on Twitter, Facebook and LinkedIn
Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.
English
United States
TRANSCRIPT 🔗
Are you the producer of this podcast?
Add a podcast transcript
Need Audio-to-Text?
Transcribe with Listen411 in Just 60 Seconds
SEARCH PAST EPISODES
Search past episodes of Special Briefing.
OTHER EPISODES IN THIS PODCAST
Join William Glasgall, Penn IUR Fellow and Volcker Alliance Public Finance Advisor, and Susan Wachter, Co-Director of Penn IUR and Wharton professor and our expert panel as we address the rapidly darkening outlook for state and local budgets and what this means for policymakers, taxpayers, and inve…
This Special Briefing is focused on the future of mass transportation under the new Administration and Congress.
Our expert panel discusses the upsurge in construction funded by the Bipartisan Infrastructure Law as well as solutions to hundreds of billions of dollars in budgetary shortfalls facing…
Cities around the world are facing a host of challenges. As the Organization for Economic Cooperation and Development observed recently, "places are rethinking how to stay competitive on the global stage. Technological change, the green transition and shifting global value chains are reshaping loca…
From the deteriorating Gowanus Expressway in Brooklyn, New York, to the aging dams that supply about 70 percent of California’s water, America’s public infrastructure is badly in need of fixing. The nation is estimated to have accumulated about $1 trillion in deferred infrastructure maintenance, an…
William Glasgall, Penn IUR Fellow and Volcker Alliance Public Finance Adviser, Susan Wachter, Co-Director of Penn IUR and Wharton professor, and our expert panel address the record-shattering boom in state and local borrowing even in the face of federal spending cuts and pressure on budgets.
How …
Disclaimer: The podcast and artwork embedded on this page are from Volcker Alliance & Penn IUR, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
EDIT
Thank you for helping to keep the podcast database up to date.
