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

Published byWilliam Barber Modified over 9 years ago

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Presentation on theme: "HOW CAN IOWA CITIES BETTER REACT TO THE ECONOMY? Economy: A Mega Issue."— Presentation transcript:

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

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

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

4 United States Economy GDP Stock Market Employment Confidence Housing Political instability

5 Iowa Economy Employment Housing

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

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

8 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)

9 Property Tax Example

10

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