A webinar presentation by Geoffrey Plague, Independent Sector, to the chief development officers from National Health Council member organizations. October 3, 2011
CCPA Research Associate Jim Stanford's presentation of his analysis of the Drummond report's fiscal and economic projections.
February 16 2012, Toronto
CCPA-Ontario “Deconstructing Drummond” Workshop
The non-partisan Committee for a Responsible Federal Budget (CRFB) has compiled a brief background on the scope of our nation's fiscal challenges and the drivers of our debt and deficits, while outlining some of the types of solutions available to address the problems. This Powerpoint is meant to offer an objective, easily-accessible view of our country's fiscal situation as an educational tool meant to help foster open and honest discussion about these issues.
A webinar presentation by Geoffrey Plague, Independent Sector, to the chief development officers from National Health Council member organizations. October 3, 2011
CCPA Research Associate Jim Stanford's presentation of his analysis of the Drummond report's fiscal and economic projections.
February 16 2012, Toronto
CCPA-Ontario “Deconstructing Drummond” Workshop
The non-partisan Committee for a Responsible Federal Budget (CRFB) has compiled a brief background on the scope of our nation's fiscal challenges and the drivers of our debt and deficits, while outlining some of the types of solutions available to address the problems. This Powerpoint is meant to offer an objective, easily-accessible view of our country's fiscal situation as an educational tool meant to help foster open and honest discussion about these issues.
capital (income) taxation and pension system reformGRAPE
The paper studies the interaction between capital (income) taxation and pension system reform in the context of rising longevity. In an economy with idiosyncratic income shocks and uncertainty about life duration, defined benefit pension plans with redistribution (similar to the current US pension system) provide some insurance against these risks. The existing view in the literature states that the current pension system in the US introduces distortions to labor supply decisions and reduces capital accumulation, but reducing this distortion by the means of introducing (partially) funded defined contribution system involves loss of insurance and transitory fiscal gap, which dominate the benefits of reform. Prior financed the transitory costs of the reform by taxing consumption. We show that in the context of longevity, capital income taxation provides a superior alternative: welfare gains are sufficient to outweigh the loss of insurance and transitory funding costs. Our approach builds on optimal taxation literature: taxes should be levied on the least responsive tax base, and growing life expectancy raises incentives for capital accumulation. Further, higher risk exposure amplifies incentives for precautionary savings. These two mechanisms -- the rising longevity and the stronger precautionary motive -- make capital accumulation relatively less responsive to the tax hikes, thus reducing the dead-weight loss from increased taxation. In the long run, privatizing social security permits lower taxation, thus boosting capital income gains, accelerating capital accumulation, and economic progress. We reconcile our results with the earlier literature. We also study the political economy context and show that political support for capital income taxation is feasible.
There is no better way to spend a Monday night than joining one of B-Hive’s famous FIN AND TONICs in New York City! This time CO2Logic had the honor to be co-host for this memorable event. We had the pleasure of gathering at Flanders Investment & Trade’s beautiful space as our experts discussed the future of Sustainable Finance.
The National Flood Insurance Program (NFIP) offers flood insurance and promotes floodplain management. CBO’s analysis of 5 million policies in effect in August 2016 showed that the NFIP’s expected one-year costs exceeded annual premiums by $1.4 billion. That shortfall stemmed primarily from premiums’ falling short of expected costs in coastal counties, which account for three-quarters of all NFIP policies nationwide.
This presentation examines the causes of shortfalls and the cost of premiums and describes the data and methods used in CBO’s analysis.
Presentation by Terry Dinan, Senior Adviser in CBO’s Microeconomic Studies Division, at the annual meeting of the American Academy of Actuaries.
OECD World Bank Study on Contingent Liabilities: Boosting Fiscal Resilience t...OECD Governance
Key findinds from and OECD & World Bank Study on Contingent Liabilities, "Boosting Fiscal Resilience to Natural Disasters". For more information see: http://www.oecd.org/gov/fiscal-resilience-to-natural-disasters-27a4198a-en.htm
Unit VI Project Government Funding1Unit VI Project Government Fundin.docxkdennis3
Unit VI Project – Government Funding
Unit VI Project – Government Funding
Unit VI Project – Government Funding
The government of the United States is involved in different types of programs for society's well-being. One government funding program to help small businesses is the United States small business administration. If a person has a small business that is engaged in scientific development and research, then a person can qualify for a government grant under small business technology transfer and small business innovation research. The program has not filed for bankruptcy yet, and it’s been helping many new businesses establish their position in the industry (Marks, 2022).
After COVID-19, the government has been proposing new schemes and grants for small businesses 7nder the American Rescue Plan Act. In 2022, the government announced that it would distribute more than $10 billion to each state. In 2020, the government spent around $76 billion. While in 2021, the government spent approximately $41 billion. This shows that government spending on small businesses has increased over the last three years (Milano, 2013). The analysis shows that federal agencies get funding for small business from Congress called budgetary resources. Agencies are required to spend these budgetary resources bases on the promise, also known as an obligation. In 2022, the government had $21.24 billion in award obligations for small businesses, the number of transactions that happened was around 1.25 million, and the niner of new awards was estimated to be 352,676.
The analysis shows that COVID-19 greatly impacted small and medium enterprises. To help small businesses, the government support programs played a critical role in managing the crisis. There are multiple programs to help support small companies, such as the Pay Protection Program, with 5.2 million loans for small businesses. The SBA economic injury disaster loan program added around 3.6 million for small business loans valued at more than 91 billion dollars (SBA, 2022).
Small businesses play a significant role in the economy of the countries, or it can be said that it act as the backbone of the community. So, by funding small business activities, the government of the United States has also benefited through business activities in the SME sector. The entire idea was to help small businesses by giving them an investment in hand, which would not have been possible through traditional lenders. The impact on the government funding for small companies is also beneficial for the government because of local tax income, employment tax, and property tax. More businesses in the United States economy boost the government's tax income (Marks, 2022). So, it can be said that the government of the United States recognizes the importance of small businesses and helping them after COVID-19 lockdowns to ethically source taxes from them.
The biggest challenge to helping small businesses after COVID-19 is the war in Ukraine.
Charity Excellence Crisis Impact Assessment & Forecast For Grant Makers & Sec...Ian Mclintock
This report for grant makers and charity sector bodies uses Charity Excellence data to analyse and report the developing cost of living crisis and forecast what 2023 might look like for the UK charity sector and the millions of people it supports.
capital (income) taxation and pension system reformGRAPE
The paper studies the interaction between capital (income) taxation and pension system reform in the context of rising longevity. In an economy with idiosyncratic income shocks and uncertainty about life duration, defined benefit pension plans with redistribution (similar to the current US pension system) provide some insurance against these risks. The existing view in the literature states that the current pension system in the US introduces distortions to labor supply decisions and reduces capital accumulation, but reducing this distortion by the means of introducing (partially) funded defined contribution system involves loss of insurance and transitory fiscal gap, which dominate the benefits of reform. Prior financed the transitory costs of the reform by taxing consumption. We show that in the context of longevity, capital income taxation provides a superior alternative: welfare gains are sufficient to outweigh the loss of insurance and transitory funding costs. Our approach builds on optimal taxation literature: taxes should be levied on the least responsive tax base, and growing life expectancy raises incentives for capital accumulation. Further, higher risk exposure amplifies incentives for precautionary savings. These two mechanisms -- the rising longevity and the stronger precautionary motive -- make capital accumulation relatively less responsive to the tax hikes, thus reducing the dead-weight loss from increased taxation. In the long run, privatizing social security permits lower taxation, thus boosting capital income gains, accelerating capital accumulation, and economic progress. We reconcile our results with the earlier literature. We also study the political economy context and show that political support for capital income taxation is feasible.
There is no better way to spend a Monday night than joining one of B-Hive’s famous FIN AND TONICs in New York City! This time CO2Logic had the honor to be co-host for this memorable event. We had the pleasure of gathering at Flanders Investment & Trade’s beautiful space as our experts discussed the future of Sustainable Finance.
The National Flood Insurance Program (NFIP) offers flood insurance and promotes floodplain management. CBO’s analysis of 5 million policies in effect in August 2016 showed that the NFIP’s expected one-year costs exceeded annual premiums by $1.4 billion. That shortfall stemmed primarily from premiums’ falling short of expected costs in coastal counties, which account for three-quarters of all NFIP policies nationwide.
This presentation examines the causes of shortfalls and the cost of premiums and describes the data and methods used in CBO’s analysis.
Presentation by Terry Dinan, Senior Adviser in CBO’s Microeconomic Studies Division, at the annual meeting of the American Academy of Actuaries.
OECD World Bank Study on Contingent Liabilities: Boosting Fiscal Resilience t...OECD Governance
Key findinds from and OECD & World Bank Study on Contingent Liabilities, "Boosting Fiscal Resilience to Natural Disasters". For more information see: http://www.oecd.org/gov/fiscal-resilience-to-natural-disasters-27a4198a-en.htm
Unit VI Project Government Funding1Unit VI Project Government Fundin.docxkdennis3
Unit VI Project – Government Funding
Unit VI Project – Government Funding
Unit VI Project – Government Funding
The government of the United States is involved in different types of programs for society's well-being. One government funding program to help small businesses is the United States small business administration. If a person has a small business that is engaged in scientific development and research, then a person can qualify for a government grant under small business technology transfer and small business innovation research. The program has not filed for bankruptcy yet, and it’s been helping many new businesses establish their position in the industry (Marks, 2022).
After COVID-19, the government has been proposing new schemes and grants for small businesses 7nder the American Rescue Plan Act. In 2022, the government announced that it would distribute more than $10 billion to each state. In 2020, the government spent around $76 billion. While in 2021, the government spent approximately $41 billion. This shows that government spending on small businesses has increased over the last three years (Milano, 2013). The analysis shows that federal agencies get funding for small business from Congress called budgetary resources. Agencies are required to spend these budgetary resources bases on the promise, also known as an obligation. In 2022, the government had $21.24 billion in award obligations for small businesses, the number of transactions that happened was around 1.25 million, and the niner of new awards was estimated to be 352,676.
The analysis shows that COVID-19 greatly impacted small and medium enterprises. To help small businesses, the government support programs played a critical role in managing the crisis. There are multiple programs to help support small companies, such as the Pay Protection Program, with 5.2 million loans for small businesses. The SBA economic injury disaster loan program added around 3.6 million for small business loans valued at more than 91 billion dollars (SBA, 2022).
Small businesses play a significant role in the economy of the countries, or it can be said that it act as the backbone of the community. So, by funding small business activities, the government of the United States has also benefited through business activities in the SME sector. The entire idea was to help small businesses by giving them an investment in hand, which would not have been possible through traditional lenders. The impact on the government funding for small companies is also beneficial for the government because of local tax income, employment tax, and property tax. More businesses in the United States economy boost the government's tax income (Marks, 2022). So, it can be said that the government of the United States recognizes the importance of small businesses and helping them after COVID-19 lockdowns to ethically source taxes from them.
The biggest challenge to helping small businesses after COVID-19 is the war in Ukraine.
Charity Excellence Crisis Impact Assessment & Forecast For Grant Makers & Sec...Ian Mclintock
This report for grant makers and charity sector bodies uses Charity Excellence data to analyse and report the developing cost of living crisis and forecast what 2023 might look like for the UK charity sector and the millions of people it supports.
We are facing some very difficult budget choices and challenges for Massachusetts for Fiscal Year 2011 (July 2010 - July 2011). Governor Patrick and his administration are holding a series of hearings and forums around the state to get input and ideas from citizens where this presentation is included. To learn more about the hearings and forums, visit www.mass.gov/governor/forums
If you weren't able to make a hearing or forum or want to be prepared before you attend one, this presentation is about 9 minutes long and will give you a basic overview of the budget situation. Please review it, then visit our blog at www.mass.gov/blog/engage to comment and share your ideas.
Gary Trennepohl presents "Financial Markets in 2014: Story Projects" during the Reynolds Center for Business Journalism's annual Business Journalism Week, Jan. 5, 2014. Trennepohl is the ONEOK Chair of Finance at Oklahoma State University.
The annual event features two concurrent seminars, Business Journalism Professors and Strictly Financials for journalists.
For more information about business journalism training, please visit http://businessjournalism.org.
Similar to NFIP Dissertation Proposal Defense (20)
Municipal Solid Waste Management in Developing CountriesJames Howard
Certificate for Municipal Solid Waste Management in Developing Countries from Sandec/Eawag. The course was offered through Coursera and this is my certificate.
This presentation reviews cartoons from the New Yorker with a Cold War theme and particularly those that touched on the Red Menace. This presentation was given on May 3, 2001, at the University of Maryland.
James Howard - The Culture of Affluence Looks at the Cold WarJames Howard
A discussion of cartoons in The New Yorker that touched on Cold War themes, such as militarism, nuclear weapons, Communism, and the Soviet Union. This presentation was given on April 25, 2001, at the University of Maryland Undergraduate Research Day.
Online classrooms are de facto rich data gathering platforms. Educators can collect this data and use it to improve student outcomes through predictive analytics.
These are the slides from my dissertation defense on the National Flood Insurance Program. This presentation was given on March 31, 2014 at the University of Maryland Baltimore County.
R has become the go-to environment to support data science and statistical applications across many fields. Researchers write papers in R, engineers develop runtime applications in R, and new statistical methods are first developed in R. Supporting this powerful environment is a complete programming language and a wealth of numerical analysis tools. R has a built-in matrix language that can solve mathematical problems above and beyond statistical regression. This talk will walk through R's tools for matrix manipulation, interpolation, integration, and root finding.
Extended human space exploration requires governance structure that does not yet exist. While the Moon Treaty's prohibition on property rights is often regarded as an impediment to private space exploration, the ability of an isolated group to govern itself off-world is also an impediment to long-term exploration. Given a group of explorers on a long-term trip to the Moon, Mars, or traveling on a generation ship, the group will need self governance to provide the essential functions of state in situ.
This talk will briefly outline the governance problem, what issues will demand self-governance, and what issues today demand self-governance. In addition, this talk will provide an outline of how self governance originated amongst Europeans in North America and what lessons we can learn from that today. This talk will then present options on how to what frameworks are necessary to encourage extended human space exploration. Finally, this talk will present a call to action for what steps can be taken today to advance the human space exploration agenda.
Using Agile Methods for Course Management and DeliveryJames Howard
This talk explores the use of agile project management methods in course management. Agile methods were formalized by the software development community to delivery projects in an adaptive and responsive manner. These methods include lean management techniques, such as Kanban. Kanban was originally developed as a scheduling system for just-in-time production and relies on using cards with tasks on them. The agile project movement adapted these methods into a multi-tiered system that uses cards with individual tasks categorized by completion status, such as delayed, doing, and done. Similar needs and problems exist in course management and software development management, and similar management methods may be employed. An agile project system provides an excellent method to organize and manage a course for a busy instructor. This presentation will describe the Kanban methods and tools used by the presenter to organize, produce, and deliver courses to public policy university students.
Review of the Columbia Association's Fiscal TargetsJames Howard
To develop a successor to the current Financial Management Program. The current Financial Management Program is a ratio-based tool that is intended to analyze fiscal health. It has been used for the past 5 years and is up for review. The PSC is asking that the FAC benchmark best practices to create a successor program which may include these ratios, but which will not be limited to them.
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
1. Social Costs and Benefits of the
National Flood Insurance Program
Wednesday, 18 January 2012
2. National Flood
Insurance Program
Wednesday, 18 January 2012
Missouri floods in the 1920s caused significant damage.
Private insurers pulled out of the market for decades.
Gilbert White proposed national flood insurance in 1942.
After initial trials in 1956, NFIP comes in 1968
Changes include introduction of flood mitigation standards
--and requirements for actuarial soundness
3. Flood Recovery
Wednesday, 18 January 2012
Flood Insurance implemented to piggy back on homeowners policies
FEMA manages the National Flood Insurance Fund
Traditional insurers provide administrative duties
Severe losses from major storms.
--Katrina hit ~16B losses
--Rita ~2B losses
5. Project Goals
Wednesday, 18 January 2012
This dissertation is for the public policy department at UMBC
UMBC defines public policy around three disciplines--economics, sociology and political science
BCA provides an opportunity to explore a program or policy through each of those lenses simultaneously
BCA is often applied prospectively, going forward
This dissertation will apply BCA retrospectively
6. Benefit-Cost Analysis
What are the net social
benefits of flood protection?
Wednesday, 18 January 2012
This is fundamentally an economic analysis
Will cover from 1996-2009
Will address both flood mitigation and flood recovery
7. Distributional Benefit-Cost Analysis
What are the net social benefits
impacts are valued by recipient class?
Wednesday, 18 January 2012
This adds a sociological analysis to the first analysis
Will revalue and weight impacts based on recipient
Will use the first analysis as a baseline
8. Impact on Government Revenue
Has the program saved government money?
Wednesday, 18 January 2012
This adds an important political question to the analysis
NFIP originally established to partially shift costs of recovery to victims
Uses BCA, but only permits the Federal government standing
9. Implementation
Wednesday, 18 January 2012
There are a number of complications that arise from this dissertation. This is not unusual, but some key areas of the implementation are worth discussing in greater detail.
10. Valuing Flood Insurance
∆S = ∆C + ∆P + ∆G + ∆E
Wednesday, 18 January 2012
BCA may be considered as a balance sheet, looking like an accounting question
BCA can also be considered as the sum of economic surpluses contributing to the NSB
Delta-S is the change in S due to the program
This takes advantage of that thought to simplify the development of the flood insurance NSB model
11. Valuing Flood Insurance
∆C = w - ϖ - a
∆P = φϖπ
∆G = ϖ - κ + a
∆E = B − β + ma
Wednesday, 18 January 2012
w is willingness to pay for flood insurance
The betas are ecological impacts
k is the amount of claims in a given year
e is the exante adjustment to the expost willingness to pay
m is the marginal excess tax burden
phi is the WYO premium to insurers
varpi is the premiums paid to the NFIP
pi is the historical profit ratio of insurers
12. Valuing Flood Insurance
∆S = κ(e + m) + φϖπ
Wednesday, 18 January 2012
This is the key equation in valuing the flood insurance component
represents 1 year's net social benefits
k is the amount of claims in a given year
e is the exante adjustment to the expost willingness to pay
m is the marginal excess tax burden
phi is the WYO premium to insurers
varpi is the premiums paid to the NFIP
pi is the historical profit ratio of insurers
13. Flood Insurance Data
• Data provided by FEMA
• County-level premiums and claims
• Covers FY1977 to FY2009
• Also uses insurance profitability from BEA
Wednesday, 18 January 2012
14. Valuing Flood Mitigation
BCR = 5.0 at 2% SDR
⇓
≅17.4% annualized
Wednesday, 18 January 2012
This is what the Multi-Hazard Mitigation Council found
forms a major baseline in establishing the NSB of flood mitigation today
BCR is lifetime returns (at 50 years). MMC report premised on funds spent in year 0 and a useful lifetime of 50 years
The 2% SDR is removed and we are free to apply our own SDR
15. Flood Mitigation Data
• Data provided by FEMA
• FMA grant programs at state-level
• Covers FY1996 to FY2011
• Local-level info is inconsistent
Wednesday, 18 January 2012
Have recoded info for local governments
Statewide-allocation issues
- by population makes distribution more equitable
- by income biases toward inequitable
16. Weighting by State
Wednesday, 18 January 2012
income for states
hard to justify
disparate impact by income at state level is feasible, as show by map
Red is < 40k
orange 40-50
yellow 50-60
green > 60
17. State-Level Income Data
• Data provided by Census Bureau
• Population, income, quintiles, and Gini
• Covers 1996 to 2009
Wednesday, 18 January 2012
Have recoded info for local governments
Statewide-allocation issues
- by population makes distribution more equitable
- by income biases toward inequitable
18. Governmental Revenues Impacts
• Presumed to be expected losses
• Government not gauranteed to fund
• Works with expected protection from MMC
Wednesday, 18 January 2012
Revenue impacts are predicated on the assumption that the government is likely to make payments equalling the losses if there is no NFIP and no mitigation.
The government has historically made similar payments
MMC summarizes this by noting this extreme is unlikely, but so is the other. This is much better described as impacts "up to."
19. Importance
• Baseline for further study of the NFIP
• Baseline for analyzing prospective changes
• Baseline for analyses of other programs
Wednesday, 18 January 2012
20. Photo Credits
Urs Hettich; Oregon Department of Transportation;
David McKelvey; United States Geological Survey;
Brisbane City Council; Bart Everson United States
Army Corps of Engineers; United States Fish and
Wildlife Service; Google Maps and James Howard
Wednesday, 18 January 2012