3 economists recommended for Louisiana forecasting panel

This article appeared in the Baton Rouge Business Report on Thursday, March 28, 2019.

Jim Richardson is the John Rhea Alumni Professor of Economics and Director of the Public Administration Institute in the E. J. Ourso College of Business.  Stephen Barnes is an Associate Professor in the LSU Department of Economics.

March 28, 2019

BATON ROUGE - Louisiana’s governor and legislative leaders will choose from three university economists to fill the vacancy on the state income forecasting panel left by retiring economist Jim Richardson of LSU.

The Board of Regents recommended the list yesterday to the governor, Senate president and House speaker, who will select one economist to join them on the Revenue Estimating Conference. On the list are Stephen Barnes and Gregory Upton from LSU, and Gary Wagner from the University of Louisiana at Lafayette.

The independent economist position on the conference has been a critical role in state government since the panel was created three decades ago.  

The panel determines the income projections used to build the state budget. It adopts multiyear forecasts for state tax, license and fee collections, and Richardson has served in the economist position since its inception.