Office Description
Governor's Office for Economic Analysis. Established under KRS 11.068(2)(d)
Contact Information
Office of the State Budget Director
200 Mero Street 5th Floor
Frankfort, KY 40622
Phone: (502) 564-7300
Functions of Governor's Office for Economic Analysis
Pursuant to KRS 48.400 (1),
GOEA closely monitors the financial situation of the Commonwealth. In
furtherance of this mandate, GOEA prepares a monthly receipts report and press
release to track revenues for review by the Governor, Chief Justice, and the
LRC.
Pursuant to KRS 48.400 (2),
GOEA prepares Quarterly Reports that profile revenue receipts and economic
conditions of the just concluded quarter. I addition, each Quarterly
Report includes internal projections for tax receipts in the upcoming three
fiscal quarters as well as a forecast of the state and national economies.
Pursuant to KRS 48.120 (2
through 4), GOEA (in conjunction with the Consensus Forecasting Group) prepares
planning estimates, preliminary estimates, and final budget estimates in each
odd-numbered year in anticipation of the biennial budget sessions of the
General Assembly.
In conjunction with GOPR,
GOEA provides modeling support and fiscal analysis for the biennial Tax
Expenditure Report.
Provides primary economic
and fiscal research for the Office of the Governor.
Provides fiscal impacts of
various legislative proposals and bills during each legislative session.
Coordinates with the
Department of Revenue on tax policy, tax administration, and tax reform
measures.
Creates, maintains, and
operates the state econometric model for forecasting statewide income and
employment.
Closely tracks revenue
monthly revenue trends for the State General Fund and Road Fund.
Staff
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| Deputy Executive Director for Economic Analysis |
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| 1) Daily Operations of the Office and Travel 2) Publications |
Martha Armstrong |
1) Provide revenue estimates for
the property tax, business taxes, and the Kentucky Road Fund
2) Provide estimates and text for sections of the Tax Expenditure Report
3) Prepares the monthly receipts report
4) Updates and runs the state econometric model for Kentucky personal
income and employment
5) Legislative reviews for bills and proposals related to the Kentucky Road
Fund, business taxes, and property taxes.
6) Serves as liaison for public data inquires and intergovernmental data
requests
|
Gene Zaparanick-Brown |
1) Provide revenue estimates for
Individual Income, Coal Severance, Mineral, Natural Gas and Oil Production
Taxes
2) Provide estimates and text for Individual Income Tax and Coal sections
of the Tax Expenditure Report
3) Creator and maintainer of the Kentucky Microsimulation Model
4) Responsible for The Economy section, all tables, and Editor for the
Quarterly Economic and Revenue Report.
5) Legislative reviews for bills and proposals relevant to the IIT, coal,
and other natural resources taxes.
|
Thomas
Jones |