As local governments begin to grapple with the long-term budgetary impacts of the COVID-19 crisis, they will likely need to begin using reserves to make up for revenue shortfall and support ongoing activities. While reserves are a viable option for governments and designed to be used for situations like this, it is critical that governments understand their continued exposure to other economic and environmental risks that would also require reserves during this time. This session will provide governments with several ways to measure external risks and discuss how governments can determine the strategies for using reserves for fund financial recovery efforts while also maintaining appropriate levels to guard against future risks and uncertainty.
Recorded April 30, 2020
- Publication date: April 2020