Rethinking Municipal Finance: A Conversation with Michel Durand-Wood

Accounting and Financial Reporting

Rethinking Municipal Finance: A Conversation with Michel Durand-Wood

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Think of your city. As you step into the street, every inch of pavement has been paid for, in part, with your dollars. The trees were grown and watered with taxpayer money. The bus stops and local transportation routes are maintained with city funding. Even shopfronts benefit from services and utilities that are paid for from the public’s wallet. You pay for the smallest details that you may not notice, but nonetheless make your life better. Cities are the most valuable assets that many of us will ever co-own, yet we seldom ask if our cities can afford to pay for themselves in the long run. This question compels us to look beneath the hood of city finances and consider the long-term sustainability of our cities’ financial trajectory. 

Publication Date: December 2025

Authors: Tallulah Burr and Tochi Madueke

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Additional Resources

  • December 2025 GFR

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  • Government Finance Review

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  • 2025 Awards for Excellence in Government Finance

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  • Sustained Success and a Strategic Focus on Growth

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