Step 8: Long-Term Treatments

Research

Step 8: Long-Term Treatments

The near-term treatments can help balance the budget in the short-term. But, if local governments are going to transform their financial position for the better, then they need long-term treatments too.

Long-Term Treatment Activities

The Financial Foundations

Consider the foundations of how your local government operates. Technical strategies to improve financial condition won’t work well or at all if the foundations are not strong. The foundation consists of leadership strategies and the design of institutions.

Control Employee Benefits Costs

This includes containing employee health care costs and reforming pension.

Budget Better

This includes not budgeting incrementally and ensuring capital assets are affordable now and in the long-term

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