Finance
Finance is a fundamental concern for local and state government agencies, encompassing budget planning, revenue management, and fiscal responsibility. Effective financial management ensures that government operations are sustainable and resources are allocated efficiently to meet public needs. This directory offers articles on finance, including topics like Grants, which explore the processes and strategies for obtaining grant funding to subsidize the cost of programs and projects. It also includes articles on finance, which explores the processes and strategies for creating, managing, and adjusting government budgets to align with policy goals and economic conditions.
Economic researchers estimate 19 million to 23 million Americans are at risk for eviction by the end of September
The silver lining is that the report from Moody’s Analytics indicates significantly less money is needed than what’s being called for by House Democrats
New survey data from over 1,100 municipalities shows that the national economic recovery is at even greater risk than previously thought
In an effort to cut costs and increase efficiency, the City of Aspen, CO, is outsourcing its payment processing. Using a system of lock boxes, the City now has all tax and utility payments and mail from residents opened by its bank in Denver. For details on this effort and other outsourcing methods, read on
In Sangamon County, IL, the Citizens’ Efficiency Commission discovered that tax collection costs within the county range from $1 to $4 per tax payment. As a result, the CEC released a study on methods for improving tax collection, including consolidating efforts. Details on their proposal and how Philadelphia is trying to increase payment of overdue taxes
Your budget decisions can enhance developments and simultaneously reduce expenditures. Coincidentally, one-third of your budget is directly impacted by growth strategies. Details on how cities are moving forward in this area
Lewiston and Auburn, ME, with a combined population of 59,000 people, are considering a merger that would likely create savings of more than $2 million in the first five years. Inside we provide details of what could soon be one of the larger municipal consolidations in recent history
The new TIGER V grant toolkit from the Ferguson Group is now available for free download on Gov1
A new database allows for tighter monitoring of contractors and subcontractors as well as tracking payments in order to avoid fraud. The new Checkbook NYC 2.0 portal gives access to the public as well as city officials. Read inside for details and benefits and how other cities are approaching this issue
Two New Jersey communities were rewarded with their consolidation efforts when residents were given a tax decrease. Addtionally, more than $3 million in costs were cut from the fiscal budget. For details on how Princeton bucked the status quo and won, read inside
After watching disability benefits double over the past four years, Nashville Mayor Karl Dean is proposing reforms that expect to save the city $1 million annually. We detail his efforts as well as plans to reign in pension abuse in St. Louis
The Brooklyn Public Library is selling the land it currently resides on to a private developer who will build a new residential apartment tower with a new library on the first floor. This is just one example of innovative mechanisms public entities are using to dodge strapped budgets when it comes to infrastructure
A bill set to go into effect earlier this month would allow Atlantic City casinos to operate online gaming sites for use over the Internet by New Jersey residents. Proponents argue this will offer a new source of revenue for the city and state. Inside we provide details on this plan as well as Nevada’s attempt to cut interstate deals with other states for online gaming access.
Approaching a $750 million deficit, Baltimore, MD, is pushing for new reforms that will create a combination defined benefit, 401K-type plan for new police hires and a straight defined comp plan for other new hires. We provide details on the proposal and other reform specifics including raising firefighter hours from 42 to 52 per week
Social Impact Bonds are a method of providing social services using financing from service providers and private investors. Harvard University’s Social Impact Bond Technical Assistance Lab is providing expertise to local governments seeking to implement a Pay-for-Success model for innovative social programs. Inside we provide details of assistance programs, goals, challenges and successes.
With declining funding levels seen in its Police and Fire pension fund, the Minnesota state pension system has proposed significant reform, primarily targeting early retirement. Details inside on the specifics, savings, reduction calculators and more
While Los Angeles pilots a new congestion pricing scheme for parking, a UCLA professor’s research shows that as many as 52 percent of the available spaces are utilized by non-payers. A main culprit can be disabled placards. Inside we discuss the research, LA’s pilot program and potential solutions for reducing non-performing metered spaces
Receiving prisoners from nearby communities for a fee has become a growing revenue source for Fife, WA. Inside we detail various agreements the City has including a new one to relieve neighboring Tacoma of its prisoners
Aging airport terminals are the impetus for cities seeking to use public-private partnerships as a means of reducing the economic burden on taxpayers for new infrastructure. Details on how two cities are approaching projects and link to the NYC Port Authority full RFQ
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