Forecasted income tax revenues are at the heart of long-term budget planning, as an alternative to a narrow annual comparison of income and expenses. For a number of years, our team has helped City of Cincinnati leaders understand the City’s forecasted future income tax revenues as they strive to create a workable and balanced budget. We use statistical models to forecast net income tax revenues and its components. Analysis of employment expectations, the City’s employment density, and policy changes provide additional information. The results assist the City leadership in decision-making, setting priorities, and evaluating initiatives, and overall, governing with better information.
To access the findings, go here.