ASBO New York Partner Forecast5 Presents Monthly 5Sight Tip

Revenue Bar Chart Sources: NYSED ST-3

Utilizing data from a district’s NYSED ST-3, this analytic details the recognized revenues to a specific district. The revenue are categorized into Local, State, and Federal Sources of revenue, as well as Interfund Transfers and Objects, if applicable. Especially important during this time of financial uncertainty, this visual shows a historical examination of revenue over time. The sample district above shows a decrease in revenue beginning in 2010, two years following the Great Recession of 2008. Over the next 4 years, revenue continued to decline before eventually rebounding fully in 2016.

Questions This Can Help Answer:

•  Did our district experience a decrease in revenue consistent with the 2008 recession?
  
•  Do we note any similarities between the historical trend and our current revenues?
  
•  Is it possible that a similar situation with revenues will be experienced within the current recession amid the COVID-19 pandemic?