Challenges Facing Tax Policy in the Commonwealth

Sara Okos speaking before the October 12, 2011 meeting of the Senior Statesmen of Virginia.

Sara Okos speaking before the October 12, 2011 meeting of the Senior Statesmen of Virginia.

While the recession is clearly at the center of the Commonwealth’s continuing fiscal shortfalls, the downturn also has revealed some serious underlying challenges with the state’s revenue structure. This discussion provided an overview of the issues the state faces in raising the resources necessary to meet public needs and introduced some key reform ideas for strengthening Virginia’s path to economic recovery.

Sara Okos is the Policy Director at the Commonwealth Institute for Fiscal Analysis, where she analyzes, conducts, and coordinates research on a wide array of tax policies, the overall budget process, labor and wage issues, and education. Prior to joining The Commonwealth Institute in 2007, Sara worked in the Executive Office of Governor Jennifer Granholm in Lansing, Michigan. Sara has a bachelor’s degree in Marketing and Economics from the University of Notre Dame, and a Master’s of Public Policy from the College of William and Mary’s Thomas Jefferson Program in Public Policy, where she was a Schroeder Fellow in Health Policy. She is a 2011 recipient of the Richmond Community Foundation’s Stettinius Award for Nonprofit Leadership and is a member of the 2011 class of the Political Leaders Program with the University of Virginia’s Sorensen Institute for Political Leadership.

Sara Okos spoke at the October 12, 2011 meeting of the Senior Statesmen of Virginia. The meeting was held at the Charlottesville Senior Center. Following the presentation, questions were taken from the audience. The program was moderated by SSV Vice President Bob McGrath.