Illinois Extension to provide
important webinar on fiscal sustainability for local government
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[February 14, 2020]
Using a “Stress Testing” Approach to Measuring the Fiscal
Sustainability of Local Governments will air at Noon CST on
Thursday, February 20.
Measuring the fiscal sustainability of local governments is an
important component of understanding the threats that they face in
delivering public services. There have been many attempts to do
this; nearly all of them share a common approach. A handful of
(mostly financial) indicators are chosen in a more or less ad hoc
manner. What results is only a partial understanding of the fiscal
challenges facing a jurisdiction, with little predictive power.
We take a different path and build on the work of the Federal
Reserve Bank and other central banks in building “stress testing”
models. The model is based on a full simulation of the economic and
financial condition of a jurisdiction. The results will allow
officials to not only get an early warning about future financial
stress but to better understand the forces creating the stress.
Kenneth A. Kriz, Ph.D. is University Distinguished Professor of
Public Administration at the University of Illinois at Springfield.
Dr. Kriz conducts research focusing on subnational debt policy and
administration, public pension fund management, government financial
risk management, economic and revenue forecasting, and behavioral
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Dr. Kriz is a frequent presenter at public economics and public budgeting and
financial management conferences and has published more than 40 journal articles
and book chapters along with a textbook on quantitative research methods in
public administration and a co-edited book on tax increment financing that was
published by SUNY Press in July 2019.
Dr. Kriz has consulted with several public and nonprofit organizations on
financial and economic matters, including the cities of New York City,
Minneapolis, Omaha, and Wichita and the states of Nebraska and Kansas. Dr. Kriz
served as Vice-Chairperson of the City of Omaha, Nebraska Civilian Employees
Retirement System from 2006 to 2011 and on the Board of Trustees of the Wichita,
Kansas Police & Fire Retirement System and on the Joint Investment Committee for
the city’s pension funds from 2014 to 2018. Dr. Kriz was a Fulbright Scholar in
the Republic of Estonia during academic year 2004-05 and a Fulbright Senior
Specialist in the Czech Republic in 2008.
There is no cost to attend the webinar, but REGISTRATION is required. You can
register online at:
Contact Nancy Ouedraogo at esarey @illinois.edu
for more information.
[Terri Miller, MPA
Serving Logan, Menard, and Sangamon Counties]