Budget

Event Details:                                                                                                                                                           printer-friendly page

As a result of the economic crisis, State Budget Officers are grappling with very tough conditions. Tax revenue is down, unemployment is up, and there’s a commercial real-estate bubble that is just about to burst. In an effort to close budget gaps in excess of hundreds of millions of dollars, many states have taken dramatic actions including issuing IOUs, cutting services, mandating unpaid furloughs, instituting hiring freezes, raising healthcare co-pays, asking for voluntary givebacks, and much more. Many governors have been quoted as saying that nothing is off limits in terms of what can be cut.

This live webcast aims to help State Budget Officers, finance, legal professionals, analysts, economists and industry participants by offering practical guidance in critical areas concerning the budget crisis. During this live two hour webcast, our panel of key thought leaders and experts will conduct an end-to-end discussion on the most critical issues including:

- Comparing and contrasting the various state “Recovery Plans”
- How to make the most of reduced resources
    - Fewer staff to share the load
    - Less money to fund services
- Making budget cuts in areas with the least possible impact on services
- How to work strategically with local governments
- Accounting considerations
- Policy and legal strategy
- Up-to-the-minute regulatory updates

Upon conclusion of the prepared material, the audience will be invited to participate in a live question and answer session, where they will have to interact directly with the distinguished panel of experts.

There’s no question about it: 2010 is going to be a challenging year for most, and everyone agrees that the time to act is now. Practical Solutions to The State Budget Crisis in 2010 LIVE Webcast will help you understand and manage the critical issues surrounding your state’s budget crisis. Join this webcast and the expertise gained will help you become a keys person in your state’s financial recovery efforts. Advanced registration is recommended as space for this course is limited.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 093906
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Practical Solutions to The State Budget Crisis in 2010 live webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Robert N. Campbell III, U.S. State Government Leader,
Deloitte LLP

Even with the market turning up, states whose revenue lag the economy are not. The Rockefeller foundation reported current state revenue is down $63B from same time last year.

Across the board cuts and ARRA supplementation are expedient but do not address fundamental structural issues.

State leaders are taking advantage of the protracted downturn to drive alignment around fundamental state transformation. States need to be creative - the obvious things have already been done. What now?

Some encouraging examples are emerging in the states including use of technology to improve service and reduce costs/Shared services/Public/private financing

To do so, states must better understand expenditure patterns/administration costs and revisit program policies avoiding major program costs and look at revenue enhancement possibilities

State behaviors in good times have been shown to affect the depth of the budget issues in tight times. There are things states should be thinking about now to position for the upturn

SEGMENT 2:


Harley T. Duncan, Managing Director, Washington National Tax,
KPMG LLP

We need to expect that states will be dealing with the effects of the recession for the next 2-3 years at least. That means that tax changes – both incremental changes and fundamental reform – will be on the agenda.

Reviewing past actions can provide an indication as to the types of tax measures states are likely to consider. It seems likely as the impact of the recession drags on that states will resort to more broad-based tax increases.

The recession places a spotlight on the weaknesses in state revenue systems and points the direction they are likely to take if they consider fundamental reform. Some of the proposals under consideration have substantial ramifications for the burden of multistate businesses.

SEGMENT 3:


James R. Rieger, Vice President, Fixed Income Indices,
Standard & Poor's Indices

The Municipal Bond Market: How have bond issues from states performed?
- Market performance
- Key trends and indicators to watch
- Where to get the data to track the trends

SEGMENT 4:


Michael Genest, Former Director of Finance for California,


California continues to struggle with massive budget deficits

Even when the current crisis is past, in the longer term (5 to 15 years and beyond) federal health care reform, Medicaid, state pensions and retiree health care will put massive pressure on the budget

It is hard to see how California can achieve a sustainable budget without a major realignment of state/federal responsibilities

It may be time for states to get out of the health care business all together.







Standard & Poor's Indices
James R. Rieger
Vice President, Fixed Income Indices
speaker bio »»

Michael Genest
Former Director of Finance for California
speaker bio »»

Deloitte LLP
Robert N. Campbell III
U.S. State Government Leader
speaker bio »»

KPMG LLP
Harley T. Duncan
Managing Director, Washington National Tax
speaker bio »»

Who Should Attend?

- State Finance Executives
- Governors & Staff
- Controllers
- Treasurers
- CFOs, Executive Directors
- Financial Managers
- Accounting & Financial Reporting
- Economist
- Director of Budget & Management Operations
- Director of Financial Operations
- Director of Statewide Reporting
- Budget & Management Analyst
- Risk Management
- General Counsel
- Board members
- Municipal Finance Attorneys
- Accountants
- Consultants
- Credit Rating Agencies

Why Attend?

This is a must attend event to hear and understand the up-to-the-minute and most relevant updates concerning the budget crisis in 2010.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


 

 

 

 


Practical Solutions to The State Budget Crisis in 2010
Speaker Firms:


Standard & Poor's Indices






 

The Knowledge Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.