Economist Larry Lynch to retire from Consensus Forecasting Group in June

12/21/2011 11:44 AM

Larry Lynch, the chairman of the group of economists whose estimates provide the backbone for Kentucky’s budget process, announced Wednesday he would step down at the end of the fiscal year in June.

Lynch serves as emeritus professor of economics at Transylvania University. He was first appointed chairman of the Consensus Forecasting Group in 1994 and has served as a consultant for the Legislative Research Commission since 1975.

The nonpartisan Consensus Forecasting Group of seven economists meet regularly each fall and winter before even-years when the General Assembly takes up the state budget. The group is responsible for estimating revenue streams.

Lynch made his announcement as the group’s meeting wrapped up Wednesday.

For more on the state’s financial outlook, watch Pure Politics Wednesday night on Insight’s cn|2, 7 p.m. EST or 11:30 p.m.

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