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On February 24, 2021, the New York State Assembly and Senate, along with the director of the Division of the Budget, held the 2021 Economic & Revenue Consensus Forecasting Conference Meeting to examine analyses of economic and revenue forecasts for New York State and the nation. The conference is convened annually as a public hearing for the purpose of assisting the Governor and the Legislature in reaching a revenue consensus forecast prior to budget negotiations. Presenters at the conference offer their analyses of the current state of both national and New York State economic conditions, and projections of how current conditions and future conditions may impact state revenues. Presenters at this year’s conference included Chris Varvares of IHS Markit; Hugh Johnson of Hugh Johnson Advisors LLC; Jason Bram of the Federal Reserve Bank of New York; Kajal Lahiri of the State University of New York at Albany; and Jared Walczak of the Tax Foundation. ....

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