State Revenue Outlook
2013 and Beyond
8-11:30 a.m. Dec. 3
While state revenues are rebounding from the Great Recession, the budget situation in many states is still volatile. States also continue to grapple with devising strategies to enhance the funding position of their public pension plans. This is your chance to hear fiscal experts describe policy options available to state policymakers to help smooth out the unevenness in state revenue inflows and evaluate efforts to bolster public pension plans.
Rick Mattoon, senior economist and economic adviser with the Federal Reserve Bank of Chicago, and Scott Pattison, executive director at the National Association of State Budget Officers, will share their insights on revenue volatility and the state revenue outlook for 2013 and beyond. Keith Brainard, director of research at the National Association of State Retirement Administrators, will provide details on the public pension reforms enacted in 2012.
Rep. Maxine Bell
Keith Brainard, Director of Research
National Association of State Retirement Administrators
Rick Mattoon, Senior Economist and Economic Adviser
Federal Reserve Bank of Chicago
Scott Pattison, Executive Director
National Association of State Budget Officers
As research director for the National Association of State Retirement Administrators, Keith Brainard collects, prepares and distributes to NASRA members news, studies and reports pertinent to public retirement system administration and policy. NASRA members are the directors and administrators of 82 statewide public retirement systems in the United States. Combined, these systems hold assets of more than $2 trillion in trust to fund pension and other benefits for most of the nation’s 22 million working and retired employees of state and local government.
Mr. Brainard is co-author of the Governmental Plans Answer Book, Second Edition, and he created and maintains the Public Fund Survey, an online compendium of public pension data sponsored jointly by NASRA and the National Council on Teacher Retirement. Keith created the State & Local Pension Exchange, predecessor to the Public Fund Survey and recipient of the Award for Excellence in Government Finance from the Government Finance Officers Association. He has discussed public pension issues with federal, state, and local policymakers; public pension trustees; and on broadcast television and radio.
Mr. Brainard previously served as manager of budget & planning for the Arizona State Retirement System and he provided fiscal research and analysis for the Texas and Arizona legislatures. He has a master’s degree from the University of Texas-Austin, LBJ School of Public Affairs. Back to speakers.
Rick Mattoon is a senior economist and economic adviser in the economic research department of the Federal Reserve Bank of Chicago. Mattoon's primary research focuses on issues that face the Midwest regional economy.
Mattoon began his career at the Chicago Fed in 1990. In 1997, he left the bank to serve as a policy adviser for economic development, energy and telecommunications to the governor of Washington. He later served as director of policy and legislation for the Washington Utilities and Transportation Commission. He returned to the bank in 2001.
Mattoon's work has appeared in the National Tax Journal, State Tax Notes, Public Choice and Society. He is the co-author of a chapter on state and local governments and the national economy in the Oxford Handbook of State and Local Government Finance.
Mattoon serves on the Board of the Chicago Manufacturing Renaissance Council, the advisory committee to the Chicago Workforce Investment Council, the pension committee of the Civic Federation and is a member of the Joint Advisory Board of Economists to the governor of Virginia. He also serves as a lecturer at the Kellogg School of Management at Northwestern University.
Mattoon received a B.A. from Kenyon College and an M.A. from the University of Chicago. Back to speakers.
Scott D. Pattison has served as the executive director of the National Association of State Budget Officers in Washington, D.C., since 2001.
Founded in 1945, NASBO serves as the professional organization for all state budget officers of the 50 states and U.S. territories. NASBO collects data and publishes numerous reports on state fiscal conditions and organizes meetings and training for budget and finance officials. The organization also provides public officials, the media and citizens detailed information on state financial management and budgeting.
Before joining NASBO, Pattison served for four years as Virginia’s state budget director and also headed the Regulatory and Economic Analysis section of the Virginia Department of Planning and Budget. He previously served in a variety of capacities in the office of the Virginia attorney general, including as counsel on finance issues.
Pattison has served on numerous boards and has been an adjunct faculty member at the University of Richmond; he recently served on the board of Old Dominion University. He is a fellow with the National Academy of Public Administration and is vice chair of the Association for Budgeting and Financial Management.
Pattison began his career as an attorney with the federal government serving in several positions at the U.S. Federal Trade Commission in Washington, D.C., including as an attorney-adviser.
Pattison graduated Phi Beta Kappa from the George Washington University in Washington, D.C., and received his law degree from the University of Virginia. Identified as an important player in public policy by The Washington Post, Pattison is frequently interviewed by national news organizations, including The New York Times and National Public Radio. Back to speakers.