Financial Services Working Group | States' Financial Life After Stimulus

3:30–5 p.m. Thursday, Nov. 12

State financial systems face tremendous challenges from the structural shifts transforming our national economy. The transition of our economy to one dominated by the service sector, the surge in online transactions and the extreme volatility of traditional revenue categories all pose difficult policy choices. In addition, massive upheavals in the credit markets in the last year pose challenges to state and local governments at a time when accumulating higher levels of debt loomed as a viable strategy. This session will feature renowned national experts discussing how states are faring in the credit markets and the forecast in the near and medium terms. 



billfoxBill Fox

University of Tennessee at Knoxville
Bill Fox is the William B. Stokely Distinguished Professor of Business and the director of the Center for Business and Economic Research at the University of Tennessee. He is a past president and recipient of the Steven D. Gold Award from the National Tax Association and former chairman of the Economics Department at the University of Tennessee. He has held visiting appointments as professor at the University of Hawaii, scholar at the Federal Reserve Bank of Kansas City, and Distinguished Fulbright Chair at the University of Frankfurt, Germany. Fox has served as a consultant in more than 25 countries and 10 U.S. states on a wide range of public policy issues.


behrEdith (Edie) Behr

Moody's Investors Service, New York, N.Y.
Edie Behr is a senior credit officer at Moody’s Investors Service in New York and is the team lead for the State Ratings Team. As such, she manages the team that analyzes state general obligation and lease financings as well as state highway, mass transit and lottery bonds. The State Ratings Team is also responsible for analyzing federal leases. She serves as a rating committee chair and on the Public Finance Franchise Committee, which sets credit policies across all sectors of the firm’s municipal finance enterprise. Prior to joining the state’s team in 2008, Behr was a team lead for the eastern regional ratings team with direct responsibility for local credits in New England and in New Jersey.
Prior to joining Moody’s in 2003, she served as executive director of the New Jersey Health Care Facilities Financing Authority and as president of the National Council of Health Facilities Finance Authorities. She has worked as an investment banker and financial adviser to states, counties and local municipalities, as well as state and local authorities and school districts.