Budget Presentation Award Program Webinar Series - Tips for Addressing the Impact of Inflation on the Budget

Tips for Addressing the Impact of Inflation on the Budget

As inflation hits levels not seen in forty years, the impact on governmental budgets can be quite harmful. Inflation can affect all areas of the budget. In order to make proper decisions on how to deal with this impact, it is important to understand the different inflation indices, how they are measured, and which ones are the most relevant for your organization. GFOA’s best practice on Inflationary Indices in Budgeting provides a good overview of the different inflationary indices.

We will have two guest speakers on how inflation has impacted their county and city's budget respectively, and the techniques that they use to identify and mitigate those challenges.