Governor's Office for Economic Analysis

Office Description

 

Governor's Office for Economic Analysis. Established under KRS 11.068(2)(d)

 

 

Contact Information

 
702 Capitol Avenue
Room 284, Capitol Annex
Frankfort, KY 40601
 

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 

Deputy Executive Director for Financial Analysis
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