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State Budget Squeeze: What’s Next?

January 30, 2013 8:15am

The Century Foundation
1 Whitehall St
15th Floor
New York, NY 10004













To view Alicia Munnell's Powerpoint click here.

























A stressful combination of slow economic growth, declining federal support and significant pension obligations are squeezing state budgets. But what role are pension responsibilities really playing? And what does the future hold for state budget writers, policy makers, service recipients, retirees and investors?


Moderator, Stephen Goldsmith, 

Stephen Goldsmith is the Daniel Paul Professor of the Practice of Government and the Director of the Innovations in American Government Program at Harvard's Kennedy School of Government. He previously served as Deputy Mayor of New York and Mayor of Indianapolis, where he earned a reputation as one of the country's leaders in public-private partnerships, competition, and privatization. Stephen was also the chief domestic policy advisor to the George W. Bush campaign in 2000.

Carol O'Cleireacain

Dr. O’Cleireacain served as a senior consultant to the Task Force on the State Budget Crisis, chaired by Paul A. Volcker and Richard Ravitch. She has held positions as Deputy Treasurer of the State of New Jersey, Finance Commissioner, and then Budget Director of New York City. Dr. O’Cleireacain was a Visiting Fellow and a non-resident Senior Fellow at the Brookings Institution from 1996-2012. She holds a Ph.D. in economics from the London School of Economics and is a member of the Council on Foreign Relations.

Alicia Munnell

Alicia H. Munnell is director of the Center for Retirement Research and the Peter F. Drucker Professor of Management Sciences at Boston College’s Carroll School of Management. Previously, she was a member of the President’s Council of Economic Advisers (1995–97) and assistant secretary of the treasury for economic policy (1993–95). She wrote, State and Local Pensions: What Now? She received a BA from Wellesley College, an MA from Boston University, and a PhD from Harvard University and is a Trustee at The Century Foundation.

Richard Ravitch,

Richard Ravitch served as the seventy-fifth lieutenant governor of New York from 2009 to 2010 and Co-Chaired the State Budget Crisis Task force with former Chairman of the Federal Reserve, Paul A. Volker. He earned a law degree from Yale Law School and served on the New York State Urban Development Corporation and the Metropolitan Transportation Authority. He also served as chief owner representative in labor negotiations for Major League Baseball and is Trustee at The Century Foundation.

Livestream will take place here.

Coffee will be served at 8:15 AM with the event promptly starting at 8:30 AM.


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