Cliff Brewis Vice President Operations Dodge Data & Analytics.

Slides:



Advertisements
Similar presentations
The Economy and Its Impact on Education September 2006 Russ Thibeault Applied Economic Research.
Advertisements

FISCAL ACCOUNTABILITY OF STATE GOVERNMENT Presentation Prepared for the Appropriations Committee and the Finance, Revenue, and Bonding Committee by the.
The Fiscal Cliff and Beyond Joel Packer, Principal, The Raben Group; and Executive Director, Committee for Education Funding.
Update on the Kentucky Economy Churchill Tax Free Fund Annual Shareholders Meeting April 25, 2008.
U.S. Economic Outlook A Relatively Fast Manufacturing Growth Pace Amid Modest Gains In The Overall Economy Presented by: Daniel J. Meckstroth, Ph.D. Vice.
Enacted Budget and Economic Outlook May 15, 2008 Laura L. Anglin Director of the Budget.
The Concord Coalition June 2008 Generational Outlook: The Federal Budget Now and in the Future.
Economic Report of the President Authors Walter W Heller – Advisor to President Kennedy – Promoted tax cuts – “War on Poverty” Kermit Gordon – Budget.
US Fiscal Policy Challenges to a Sustainable Fiscal Future March 2010.
The U.S. economy is currently in a recession. 1.True 2.False.
Industrials Sector Jason Kraynak and Wade Guzdanski.
Health Economics Unit Budget of the US Government Fiscal Year 2000 l October 1, 1999 to September 30, 2000 l Total Government Spending is 29% of.
THE CONCORD COALITION The Federal Budget Now and In the Future presented by Joshua Gordon, Policy Director.
Mr. Gene Collins John B. and Lillian E. Neff Department of Finance College of Business and Innovation The University of Toledo.
Macroeconomics Fall 2013 (BECO 1) Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.
FY 10 Budget Balancing Plan and the Impact of the American Recovery and Reinvestment Act Mary Lassiter State Budget Director June 4, 2009.
Presented by Robert L. Bixby, Executive Director The Concord Coalition Daunting Budget Outlook United States Naval Academy March.
The State and National Economic Outlook: Smooth Sailing Toward a Cliff? Patrick M. Barkey, Director Bureau of Business and Economic Research The University.
THE CONCORD COALITION presented by Robert L. Bixby, Executive Director THE CONCORD COALITION Fiscal Future:
FISCAL AND MONETARY POLICY How do policymakers use fiscal and monetary policy to stabilize the US economy?
Fiscal Policy How We Decide to SPEND or COLLECT Money.
Chapter 12: Fiscal Policy Major function of government is to stabilize the economy Prevent unemployment & Inflation Stabilization can be achieved by manipulating.
The Economy and Budget: Minnesota and the Nation Legislative Conference February 10, 2010 Scott Pattison Executive Director National Association of State.
Cliff Brewis Vice President Operations Dodge Data & Analytics DODGE CONSTRUCTION FORECAST MID YEAR 2015.
Macroeconomic Issues The Great Recession: GDP begins to drop Shaded area = recession.
1 Chapter 12 Budget Balance and Government Debt. 2 Budget Terms A Budget Surplus exists when Tax Revenues are greater than expenditures and is the difference.
CONTEMPORARY ECONOMICS© Thomson South-Western 11.1 Estimating Gross Domestic Product SLIDE Economic Instability SLIDE 1 2) From the Great Depression.
Presented by The Fiscal Wake-Up Tour The Concord Coalition Robert L. Bixby, Executive Director
THE CONCORD COALITION presented by Robert L. Bixby, Executive Director THE CONCORD COALITION Pitfalls.
NABE OUTLOOK 2004Q1 SURVEY Presented to Silicon Valley Round Table MARCH 9, 2004 Duncan H. Meldrum NABE President & Chief Economist, Air Products.
Fiscal Policy Using taxes and government spending to influence the economy.
State Fiscal Outlook NAMM Washington, DC May 11, 2010 Brian Sigritz Director of State Fiscal Studies National Association of State Budget Officers 444.
Macroeconomic Issues The Great Recession: GDP begins to drop Shaded area = recession.
Fiscal Policy: Fixing an Economy’s Health What is Fiscal Policy? The use of Government policies in order to stabilize the Business Cycle.
Economy of the 1990s Budget Enforcement Act Created caps for discretionary spending and created “pay-as-you-go” rules for certain taxes and certain.
Investing in Transportation Infrastructure Government Research Association Annual Policy Conference Janet Oakley, AASHTO July 28, 2009.
FISCAL AND MONETARY POLICY MIX Principles of Macroeconomics Lecture 8c.
External Background US economy still has considerable momentum Japan continues to show most positive signs in over a decade China still growing strongly.
The Impacts of Government Borrowing 1. Government Borrowing Affects Investment and the Trade Balance.
Chapter 13: Government Borrowing Chapter 13 Government Borrowing Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
LAO California’s Fiscal Outlook Legislative Analyst’s Office Jennifer Kuhn November 17,
30 FISCAL POLICY © 2012 Pearson Education In 2010, the federal government planned to collect taxes of 16 cents on each dollar Americans earned and spend.
Fiscal Policy Using taxes and government spending to influence the economy.
The Federal Reserve System. Prior to 1913, hundreds of national banks in the U.S. could print as much paper money as they wanted They could lend a lot.
State of the States Brian Sigritz Director of State Fiscal Studies NASBO NASACT Middle Management April 12, 2016.
ESNA Economic Outlook 2016: Alberta’s Fiscal and Environmental Challenges “It could be worse…..” Mike Percy Ph.D. December 3,
Methods of Fiscal Policy Taxing and Spending. I. Review: Monetary Policy Monetary Policy = Actions by the FED to increase or decrease the money supply.
11 The State Budget Update FY 2011 and FY 2012 AASBO September 8, 2010.
Economic Background: Short Term and Long Term Issues January 29, 2009 Russell Fehr City Treasurer.
Copyright © 2010 Nelson Education Ltd. All rights reserved. 1 1 Gross Domestic Product ●Money as the Measuring Rod: Real Versus Nominal GDP ♦GDP = The.
FISCAL YEAR 2012 – st Interim Report December 19th, 2012.
10 Fiscal Policy. THE ROLE OF FISCAL POLICY fiscal policy Changes in government taxes and spending that affect the level of GDP. expansionary policies.
Chapter 11 fiscal policy, deficits, and debt
The Federal Reserve System
Ed Sullivan, Chief Economist PCA
Global Economic Outlook Wednesday, 22 November, 2017
Sponge Quiz #1: In Year 1, the cost of a market basket of goods was $720. In Year 2, the cost of the same basket was $780. What was the consumer price.
Macroeconomic Context for Budget 2017
Fiscal Policy: Spending & Taxing
Fiscal Policy.
CT Association of Nonprofits BUDGET FORUM
Dave Shideler Associate Professor & Extension Economist
Cliff Brewis Vice President Operations Dodge Data & Analytics.
2005 MTBPS 25 October 2005 Introduction Macroeconomic overview
NS4540 Winter Term 2016 Latin America: Recovery 2016
Fiscal Policy: Spending & Taxing
Fiscal Policy.
Fiscal Policy.
NS4540 Winter Term 2017 Chile: Economic Slowdown
The Great Recession: GDP begins to drop
Presentation transcript:

Cliff Brewis Vice President Operations Dodge Data & Analytics

U.S. Macroeconomic Outlook The U.S. economy has performed in a conservative range since the recession. Do we expect that to change? GDP Pattern: History Forecast 2013 2014 2015 2016 2017 +1.7% +2.4% +2.6% +1.6% +2.3% Significance of Employment Growth and Productivity Trump Impact: Stimulate the Economy: Deregulation Affordable Care Act Tax Cuts Infrastructure Area of Concern : Trade War: Mexico & China Budget Deficit Distractions BOOKEND SLIDE

U.S. Macroeconomic Outlook For consumption to continue and employment growth to slow gradually, wages need to increase. BOOKEND SLIDE

U.S. Macroeconomic Outlook Increased Federal spending already locked in Fixing America’s Surface Transportation (FAST) Act Enacted on December 4. $305 billion over a five-year period – highways, $230 bil.; public transit, $61 bill., Amtrak, $10 bil., safety programs, $5 bil. Fiscal 2016 Federal Appropriations Raises federal-aid obligation ceiling 5% to $42.4 billion Raises Federal Transit Admin.’s budget 8% to $11.8 billion. FAA Airport Improvement grants held at $3.4 billion GSA’s construction account tripled to $1.6 billion VA major construction account doubled to $1.2 billion Corps of Engineers civil works acct. raised 10% to $6 billion. Water Resources Development Act ($10.3 bil. +) Infrastructure plans BOOKEND SLIDE

Infrastructure Considerations Potential for Consensus but framework is not clear Current Status Highway Trust Fund Operating at a Deficit Consensus: Infrastructure Under funded Trump Plan $1 Trillion program $200 Billion Public Contribution 80+% Tax Reductions Reduced Lending Costs Revenue Sources Offset by Payroll Taxes Local Funding 75% of Current funding from State Impact of Tax Plan on Muni Bonds BOOKEND SLIDE

New Mexico Gross Domestic Product By the end of 2016, NM was still showing declines in GDP. There was an expectation of a modest increase in 2017. Issues: Out migration Urban vs. Rural Oil Prices Stabilizing Public Funding BOOKEND SLIDE

U.S. Macroeconomic Outlook New Mexico unemployment rate is 6.4%. 0.3 of a point better than in January 2017. BOOKEND SLIDE

New Mexico: Tax Revenue 2018 Budget was a difficult process Reached 2018 Agreement Severance Bond Offset Threat to Education Suspend Infrastructure Reduce Rainy Day Fund Fed Cuts to Dept. of Energy

New Mexico: Single Family Conservative increase in housing since recession. ‘$000.00

New Mexico: Multi Family Urban areas are growing and demanding more housing. ‘$000.00

New Mexico: Highways Expect modest gains from Highway Fund. ‘$000.00

New Mexico: Highways Expect modest gains from Highway Fund.

New Mexico: Water Passage of the Water Resources bill is having an impact. ‘$000.00

New Mexico: Water Funding is flowing to water related projects.

New Mexico: Energy, Power Gas Decline from prior year. ‘$000.00

New Mexico: Energy Power Gas Decline from prior year. .

New Mexico: Total Construction

QUESTIONS? Cliff Brewis V P Operations Dodge Data & Analytics Cliff.brewis@construction.com BOOKEND SLIDE

Cliff Brewis Vice President Operations Dodge Data & Analytics