Fiscal First Aid
Balancing the Budget in Bad Times: Evaluating and Managing Risk in Cutback BudgetingView
In order to balance the budget during a serious revenue downturn, local governments may need to resort to budget balancing techniques that would not be considered under normal circumstances. Examples include layoffs, deferring capital maintenance, and more. Techniques like this entail risks such as degrading service to the public, serious damage to employee morale, and creating larger financial problems in the future. In this webinar, we will discuss how to evaluate these risks, select between options, and mitigate the risks you are required to take to balance your budget during a severe financial downturn.
Recorded May 14, 2020
- Publication date: May 2020