Improved asset condition data can aid state and local governments’ long-term financial planning. Local governments have an unmet need in the region for greater familiarity with financial management policies and land use choices that take a long-term perspective for improving resilience to difficult economic periods. A broad range of actors, including CMAP and its partners, can help build local expertise on recommended measures through materials and trainings. Partnerships with civic and professional organizations could be leveraged to develop trainings that build familiarity with best practices and assist with local application.

Action 1

Continue to improve budgeting practices to ensure they are transparent, data-driven, and fiscally sound.

Implementers

State and local governments

Action 2

Implement practices such as short- and long-range financial forecasting to improve policies and decisions.

Implementers

State and local governments

Action 3

Develop materials and trainings to help municipalities and counties understand how their land use choices affect local revenues.

Implementers

CMAP and partners

Action 4

Provide expert guidance on best practices in budgeting and financial planning for government units to incorporate long-term perspectives and communicate effectively with stakeholders.

Implementers

Civic and professional organizations