Glossary

Glossary

 

Generic Treatments: Generic treatments are applied in the earliest stages of the recovery process. They provide some immediate stabilization and a sense that the “crisis” is under control. This allows a more methodical approach to resolving fiscal distress to be planned and taken. Examples include: hiring freezes; deferring capital projects; instituting new fees for service; and more aggressive revenue collection efforts.

Recovery Leader: The recovery leader could be a city manager, finance director, mayor, or hold a comparable position. Ultimately, the leader should build a team of other able officials to carry out the recovery process so that there is a ‘recovery leadership,’ not just a single leader.