Sin Taxes: The Sobering Fiscal Reality 2015 Forum Agenda
Links to each presentation can be found within the agenda below:
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8:05 a.m. — Welcome
William Testa,Vice President, Federal Reserve Bank of Chicago
8:10 a.m. — Opening Presentation
Adam Hoffer, Assistant Professor, University of Wisconsin-LaCrosse
Sin Taxes: An Economist's Perspective
8:50 a.m. — Break
9:00 a.m. Session I — Competition and Cooperation: Cross-Jurisdictional Issues and Tobacco Taxes
Different tobacco tax rates across jurisdictional boundaries can create difficulties in budgeting revenues and in enforcement. However, they also create opportunities for cooperation. Panelists discussed challenges, opportunities and the future of tobacco taxes in Illinois, as well as the role taxes play in Chicago’s goals to reduce tobacco use among residents.
Moderator: Adrienne Archia, Civic Federation Board of Directors
Panelists:
- Brian Cooper, Illinois Department of Revenue
Cigarette Tax Enforcement - Ivan Samstein, Chief Financial Officer, Cook County
Competition and Cooperation: Cross-Jurisdictional Issues and Tobacco Taxes - Jidong Huang, Senior Research Scientist, UIC Institute for Health
Economics of Tobacco Taxation
10:30 a.m. — Break
10:45 a.m. Session II — High Times? Marijuana Legalization in Colorado and Medical Marijuana in Illinois
The new frontier in sin taxes is marijuana, with four states and the District of Columbia having legalized recreational use of cannabis. Colorado was the first state to legalize and realize significant tax revenues, along with unexpected enforcement issues. Illinois recently passed a pilot medical marijuana program. Panelists discussed the revenues and complications associated with full legalization and limited medical use.
Moderator: Rick Mattoon, Senior Economist and Economic Advisor, Federal Reserve Bank of Chicago
Panelists:
- The Honorable Lou Lang, Illinois State Representative
- Andrew Freedman, Director of Marijuana Coordination, State of Colorado
Marijuana Tax Structure
11:45 a.m. — Break
12:00 p.m. — Luncheon, Keynote Speaker
Scott Pattison, Executive Director, National Association of State Budget Officers (NASBO)
Sin Taxes: Sobering Reality
1:00 p.m. — Break
1:15 p.m. Session III — At the Tipping Point: Gaming Expansion vs. Falling Resources
Gaming expansions are perennially on the agenda to increase resources for cash-strapped states and municipalities, including in Illinois. However, some observers are now questioning whether gaming has become so ubiquitous that new expansions will not significantly increase revenue. Panelists discussed national and state gaming revenue trends and the prospect for future gaming expansions in Illinois and Chicago.
Moderator: Elizabeth Coolidge, Managing Director, PNC Capital Markets
Panelists:
- Lucy Dadayan, Senior Policy Analyst, The Nelson A. Rockefeller Institute of Government
Trends in Gambling Revenue to the States - Peter Matuszak, Senior Analyst, Institute for Illinois’ Fiscal Sustainability at the Civic Federation
Gaming in Illinois: Rolling the Dice on Tax Revenues - Mark Ostrowski, Director, Illinois Gaming Board
2:45 p.m. — Adjournment
Laurence Msall, President, The Civic Federation