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Agenda - 11-12-20; ITEM 1 - Financial Report for the First Quarter of FY 2020-21
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Agenda - 11-12-20; ITEM 1 - Financial Report for the First Quarter of FY 2020-21
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11/6/2020 3:12:51 PM
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11/6/2020 3:08:46 PM
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BOCC
Date
11/12/2020
Meeting Type
Work Session
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Agenda
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ITEM 1
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Economic Outlook •Near TermPhase 3‐ Executive Order 169 which eased public health restrictions represents the near term economic prospect for governments and businesses. The Phase 3extension will continue to be monitored in relationship with any impact on sales tax and charges for services revenues.•Mid TermUNC‐Charlotte 2021 Economic Forecast released September 23, 2020 is enclosed for your review. UNC‐Charlotte Economic Forecastthe Gross State Product (GSP) at 3.6% for 2021 as compared to a forecasted GSP of ‐4.5 % for 2020. The next UNC‐Charlotte update is scheduled to be released December 10, 2020. 11
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