The Next Generation of Public Finance

Compensation and Benefits, Leadership, Ethics, and Trust

The Next Generation of Public Finance

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The stakes are high for local governments. Operational continuity, financial sustainability, and the quality of public services hinge on a steady supply of skilled professionals. Without a robust talent pipeline, municipalities risk not only delayed projects but also reduced effectiveness in serving their communities. This has prompted some forward-thinking governments to take action, developing programs to introduce younger generations to the field of public finance and cultivating an interest in municipal work. On the following pages, we explore how three cities have developed programs to bring in young talent and help prepare them for a potential future in public finance.

Publication Date: February 2025

Author: Adam Powell

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Additional Resources

  • February 2025 GFR

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  • GFOA's Best Practices Forum

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  • Government Finance Review

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  • Investment Fee Guidelines for External Management of Defined Benefit Plans

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