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JOHN HILL
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valuations
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P.O. Box 21 Abilene, Texas 79604
750 N. Judge Ely Blvd. Abilene, Texas 79601
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university office: (325) 670-5871 personal office: (325) 672-4807
cell: (325) 721-4428 facsimile: (325) 677-3500 |
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| In the case of an
economic damages report of an individual
rendered for a plaintiff or defense attorney,
the methodology employed is straightforward, hence no
introductory interview is needed. Your first step is to collect
accurate information regarding
your client's loss. One must acknowledge that unique
events particular to your client's situation make each valuation
distinct; however, you may use these questionnaires in cases where a valuation is needed due to a |
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death |
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job termination |
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injury |
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Complete these form to initiate a case
summary for your client. A copy of your submission will be
returned to you, via email, for your files. In addition to this information, you should be collecting additional information such as: |
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relevant deposition
transcripts |
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tax returns for your
client, with the most exhaustive collection spanning a ten year period |
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employer handbooks
detailing paid benefits |
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reports of doctors,
rehabilitation specialists or vocational analysts |
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and any other information
that details compensation and benefits, such as annual
compensation reports, check stubs or retirement account
statements |
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| Given the
uniqueness of your client's situation, we may need other,
unanticipated information to correctly account for your client's
estimation of loss. When you supply this information, please
include the contact information of the person most familiar with
the details of the client to expedite the communication of this
information. |
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In economic reports that require
the development of a unique methodology, it is best to begin by
scheduling a phone or office interview with me. For such
atypical projects, our interview will serve as a starting point
where a determination can be made if my approach as an economist
would be useful to your objectives and provide you with worthwhile information.
Examples of such projects include:
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In 2008, I was approached by a group of local
businesspersons to conduct an independent study of the
proposed Abilene Youth Sports Authority (AYSA) sports
venue. The report is entitled The Efficiency of
Economic Development Expenditures: Returns to Primary
Job Creation Under the Stewardship of the Development
Corporation of Abilene.
A full text copy of my report is available online with
citations.
I
have archived this study on this site as a pfd document
if you'd like to review it.
This commissioning group included Grady Barr, Tucker
Bridwell, Ken Burgess, Joe Canon, Ray Ferguson and Bill
Senter and, as members of the business community and
community volunteers, they recognized the merits of the
AYSA, but were curious about how the Development
Corporation of Abilene(DCOA) performed in contrast to
this proposed youth sports venue.
The methodology employed makes comparable the returns of
the proposed AYSC to DCOA returns from job creation. In
my investigation, I discovered that:
- The track record of the DCOA outperforms the
proposed AYSC $6 to $1.
- Based on their success over the past 17 years,
the DCOA has the potential to create over $1 billion in incomes and
tax revenues over the next 30 years with the same $15 million under
consideration on the May referendum.
- Based on our demographics and AYSC fees, this
venue appeals to a select population, not the community as a whole.
- The AYSC has an planned annual shortfall of
$429,600 which could cost us with additional taxes or reduced city
programming if this venue's deficit become the responsibility of the
City of Abilene.
- Tourist venues are easy to replicate; successful
and diverse economics are not.
This report was used to successfully defeat the AYSA referendum.
When the votes on this referendum were tallyed, the AYSA
referendum was defeated by 74% of voters.
Additionally, I presented these results at the
Southern Economic Association conference in Washington
DC at their annual meetings in 2008. |
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Abilene has experienced
growth in wind energy production. As an export product,
wind energy production brings money to our community
from:-
land leasing and royalties
- manufacturing of turbines and turbine parts
- assembly of turbines
- turbine maintenance
Additionally, the
development of wind energy positions the Abilene area as
a national hub for alternative energy production. Given
this, the
Abilene Industrial Foundation commissioned me to
perform a study of the current and potential impact of
wind energy on the Abilene regional economy.
After several months of preliminary research, I made the
decision that, as an economist, my contribution to the
wind energy discussion was not warranted and the AIF and
I mutually agreed to abandon the study. Instead, I
provided AIF with a list of recommendations that they
might pursue to enable the development wind energy for
Abilene
and I have archived this document as pdf.
This is not to
say wind energy is not important - it is
- and each day brings new opportunities for Abilene and
the Big Country for employment and increased regional
product.
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In Spring 2010,
The Perryman Group performed a comprehensive review
of wind energy's impact on the Texas economy. The
purpose of this estimation was to demonstrate that wind
energy has myriad benefits to Texas and that electric
infrastructure is crucial if the Texas economy is to
realize these benefits. As an economist, I was asked
to perform an independent appraisal of this study to
determine if it was methodologically sound and correct
in its conclusions. I was
one of several Texas economists who performed
independent reviews of this study. In my review of
this report, I unqualified support of the The Perryman
Groups estimations and assertions regarding the benefits
of wind energy to the Texas state economy. |
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Occasionally, local issues pique my curiosity and I
use my skills as an economist to analyze these issues.
An example of this was the Fall 2009 school bond
election to fund a career tech high school. The
supporters of the bond claimed that district spending on
a career tech high school caused the dropout rate to
fall because of vocational programming coupled
with a new facility. TEA data was used to analyze
this bit of conventional wisdom and I discovered that
new schools add nothing to retention and there exists a
statistically significant relationship between the
higher vocational spending and increased dropout rates.
While this was used, primarily, as a teaching tool for
my students at Hardin-Simmons University, my comments
proved to be unpopular with the supporters of the bond.
Still, this local issue raised interesting research
questions and I will be presenting my research results, entitled Shiny Schools: Do New Schools and New Programs Solve the Dropout Problem
at the Southwest
Society of Economists proceedings at Federated Business
Disciplines conference in Dallas in Spring 2010.
I have
archived this analysis as a pdf if you'd like to review
it. |
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