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FISCAL LITERACY INITIATIVE

 Genesis

Treasurer Hollenbach views fiscal reform for the Commonwealth of Kentucky as a question of “when,” not “if.”  Moreover, when fiscal reform does occur, having well informed policy makers (and stakeholders) should produce the best fiscal outcomes for Kentucky.  Financial literacy is often envisioned in the limited terms of personal financing matters (micro level).  However, a complete definition of Financial Literacy should also include the knowledge of state fiscal matters (macro level).  Joining those two concepts, Treasurer Hollenbach created a Fiscal Literacy Initiative to bring the latest academic research and fiscal information to Kentucky’s policy makers.

Mechanism

The Fiscal Literacy Initiative is a partnership between The Kentucky State Treasury and the University of Kentucky's Martin School of Public Policy and AdministrationThe goal of the initiative is to provide the Commonwealth's policy makers the best research and information on fiscal policy options.

History

Treasurer Hollenbach approached Kentucky’s academic thought leaders with the idea of presenting research through a series of webinars.  The University of Kentucky’s professors Dr. William Hoyt and Dr. Dave Wildasin thought the idea to have great merit and wanted to associate the initiative with Martin School of Public Policy and Administration.  They suggested a more formal symposium format and thus a live symposium on the World Wide Web was conceived.   

Funding

The Fiscal Literacy Initiative receives no tax dollars.  The professors donate their time, and logistical support is donated from participating agencies.  In addition, the symposiums will be ongoing and archived so policy makers will continually have the latest information on a variety of fiscal matters.

Mission

Advocating financial literacy (both macro and micro) was a promise Todd Hollenbach made to the people of KentuckyThe Fiscal Literacy Initiative is one-step to fulfill that pledge.  We are hopeful the result of this initiative is a highly informed legislature ready to address the difficult decisions of spending and revenue reform.

Academic Presenters

 

William Fox- University of Tennessee 

Ph.D., 1975, The Ohio State University      

                           

FIELDS OF SPECIALIZATION:  Public Finance, Regional Economics, Urban Economics                                                                           

 

RELEVANT PUBLICATIONS: 

·          REPORT TO THE SUB-COMMITTEE ON TAX POLICY ISSUES- COMMITTEE ON APPROPRIATIONS AND REVENUE- KENTUCKY GENERAL ASSEMBLY

 

 

David Wildasin- University of Kentucky

University of Virginia (B.A. Economics, 1972), Charlottesville, Virginia.

       

FIELDS OF SPECIALIZATION: Public Finance, Regional Economics

            

RELEVANT PUBLICATIONS:

·          State Corporation Income Taxation: An Economic Perspective on Nexus

 

 

Kenneth Troske- University of Kentucky

Ph.D. Economics, University of Chicago, 1992.  

                                        

FIELDS OF SPECIALIZATION: Labor Economics, Applied Econometrics, Intermediate Microeconomics, Statistics  

 

RELEVANT PUBLICATIONS: 

·          Using State Administrative Data to Measure Program Performance,” (with Peter Mueser and Alexey Gorislavsky), January 2004. 

 

·          “The Impact of Welfare Reform on the Dynamics of Welfare Receipt and Employment,” (with William J. Carrington and Peter R. Mueser), August 2002. [IZA Discussion paper]

 

Paul Coomes- University of Louisville

 Ph.D. University of Texas, 1985. 

                                                                 

FIELDS OF SPECIALIZATION: Regional Economics, Economic Development                                                                                    

RELEVANT PUBLICATIONS:  

·          Kentucky's Economic Competitiveness: A Call for Modernization of the State's Fiscal Policies

 

·          Intrastate Distribution of State Government Revenues and Expenditures in Kentucky Fiscal Year 1996-97

 

·          For additional research by Dr. Paul Coomes click here

 

 

William Hoyt- University of Kentucky

Ph.D. University of Wisconsin, 1986.

                                                           

FIELDS OF SPECIALIZATION: Public Finance, Urban Economics             

 

RELEVANT PUBLICATIONS: 

·          Income taxes and the Destination of Movers to Multistate MSAs,” Journal of Urban Economics, forthcoming (with Paul Coomes).

 

·       Do States Choose Their Mix of Taxes to Minimize Employment Losses?, (with J. William Harden), National Tax Journal, 61(1,part1), March 2003):7-26.

 

James P. Ziliak- University of Kentucky

Ph. D. University of Indiana, 1993

 

FIELDS OF SPECIALIZATION:  Labor and public economics, with a special emphasis on U.S. tax and transfer programs, poverty measurement and policy, and inequality.

 

RELEVANT PUBLICATIONS: 

 

VIEW
 

SESSION STREAMING-January 13, 2010 session will be posted shortly.

AGENDA

For a complete schedule of the Symposium click here Symposium Schedule 612kb

 

 

Symposium Participants
 

Opening Remarks

Senate President David Williams

Senate District 16

 

Representative Rick Rand

Chairman Committee on Appropriations and Revenue

House District 47

 

 

Symposium Facilitator

 

Mr. Al Cross

Institute for Rural Journalism

University of Kentucky

Staff of the Institute for Rural Journalism & Community Issues

 

Distinguished Panel

 

Mr. Terry Brooks             

Executive Director         

Kentucky Youth Advocates (KYA)

Kentucky Youth Advocates Home    

 

Mr. Lonnie Campbell      

Asst. Director Financial Services

Kentucky Association of Counties (KACo)

Kentucky Association of Counties - KACo

 

Mr. Brad Cowgill

Attorney

Lexington, Kentucky

State Budget Director 2004-2008  Cowgill-LegislativeBriefing_JOBS.pdf 

 

Mr. Joe Regan

President / CEO

Greater Louisville Incorporated (GLI)

About GLI - Governance

 

Mr. David Atkinsson

PRESIDENT / CEO

Kentucky Chamber of Commerce

http://www.kychamber.com/Dockycc1/aboutus/Dave Adkisson0909.pdf

 

Dr. Merl Hackbarth

Gatton College of Business and Economics

University of Kentucky

State Budget Director 1989-1991

http://gatton.uky.edu/vitas/HackbartM.pdf

 

Mr. Kevin Connelly

Executive Director

Center for Non-Profit Excellence

About Us - Center for Nonprofit Excellence

 

Mr. John Chilton

Partner -Mountjoy Chilton Medley LLC

Kentucky Society of Certified Public Accountants

Kentucky Society of Certified Public Accountants

 

Mr. David Hawpe

Editor- Retired

Courier-Journal

Louisville, Kentucky

D.Hawpe-bio

 

Last Updated 6/28/2012
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