Step 12: The Outcome of Recovery

The goal of the recovery process is to build a strong financial foundation and a thriving community for the long term.  GFOA’s Financial Foundations Framework describes the pillars on which a thriving community is built.

Each pillar includes different leadership strategies and/or institutional design principles. Understanding that local governments cannot order people to collaborate, leadership strategies help inspire pride and public support for a strong financial foundation. Institutional design principles, meanwhile, are the “rules of the road.” They provide the context for leadership strategies and ensure continuity of good financial practices through changes in leadership. Using case studies from many local governments, GFOA's new book, Financial Foundations for Thriving Communities, will help you develop a plan for implementing the Framework in your community.