Timeless or Trendy: Debating the Staying Power of Common Budget Fads
Timeless or Trendy: Debating the Staying Power of Common Budget Fads
Conference RegistrationSession Details
Date: Wednesday, July 1
Time: 10:30 am - 12:10 pm CT
2 CPE credits
Level: intermediate
Field of Study: Finance
For the past 50 years, governments have discovered the "perfect" solution to address budgeting challenges only to revert back to their prior approach a few years later. At GFOA, we have witnessed the rise and fall of zero-based budgeting, budgeting for outcomes, participatory budgeting, biennial budgeting, and more only to see the trend revived a few years later.
In this session, a panel of experienced budget professionals will debate the pros and cons of some of the most popular budget trends and help identify which reforms have merits and which trends need to be retired for good. This interactive session will allow attendees to share their perspectives and experiences on trends and help identify the budget styles everyone is likely to embrace next.
Learning Objectives
- Identify basic components of common budget reform strategies
- Summarize the pros and cons of budgeting for outcomes, zero-based budgeting, and multi-year budgeting approaches
- Discuss under what conditions different budget approaches might be more or less beneficial