HOW CAN IOWA CITIES BETTER REACT TO THE ECONOMY? Economy: A Mega Issue.

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Presentation transcript:

HOW CAN IOWA CITIES BETTER REACT TO THE ECONOMY? Economy: A Mega Issue

Macro to Micro International Economy United States Economy Iowa Economy Economies of Iowa Cities  Revenue Impacts  Expenditure Impacts

International Economy European uncertainty lingers Middle East (oil) uprisings Growth in China and India Exports

United States Economy GDP Stock Market Employment Confidence Housing Political instability

Iowa Economy Employment Housing

Revenues for Iowa Cities Property Taxes Road Use Taxes Local Sales Taxes Hotel Motel Taxes Investment Earnings Grants

Expenditures for Iowa Cities Wages Healthcare Pensions Commodities Debt Issuance (credit)

How can cities plan around the economy? Budget for the future Continuously analyze revenues and expenditures  Cyclical, volatile, reliable/sustainable Track fund balances  Sized correctly, policies for use (when not to use balances)  Layered approach Choose budget horizon (two/three years)

Property Tax Example