managing the fiscal metropolis during recessions n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Managing the Fiscal Metropolis During Recessions PowerPoint Presentation
Download Presentation
Managing the Fiscal Metropolis During Recessions

Loading in 2 Seconds...

play fullscreen
1 / 17

Managing the Fiscal Metropolis During Recessions - PowerPoint PPT Presentation


  • 118 Views
  • Uploaded on

Managing the Fiscal Metropolis During Recessions. Has anything really changed?. FINANCIAL CONDITION. How to Measure Financial Condition?. Balance is measured by looking at financial characteristics relative to each other within governments (and between governments)

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Managing the Fiscal Metropolis During Recessions' - clovis


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
how to measure financial condition
How to Measure Financial Condition?
  • Balance is measured by looking at financial characteristics relative to each other within governments (and between governments)
  • Financial condition has dimensions that are not easily compared
  • Cash solvency
  • Budget solvency
  • Service Level
  • Long-term solvency
  • Financial Condition is static; Fiscal Stress is dynamic (change in financial condition)
management of fiscal stress
Management of Fiscal Stress
  • Delaying: Artful budget manipulation, creative financial management, one-time solutions (buy time)
  • Stretching and resisting: Strategic, innovative, and selective revenue and spending changes (protect priorities)
  • Cutting and smoothing: Visible and/or dramatic cuts in services and revenue increases
  • Extreme survival: Unrealistic, escapist, and radical measures to function at minimum level
important threat and opportunity
Important Threat and Opportunity
  • Growth initiation: a sleepy town is awakened to residential developers knocking at their door
  • Rapid growth: adding residents and commerce (later on) at a high rate through development of existing land and annexation
  • Built out: growth rate declines and anticipating the day when no growth
  • Redevelopment:population stagnant or declining
policies and practices that affect financial condition
Policies and Practices that affect Financial Condition
  • Fiscal capacity is one of most important factors in financial condition
  • Consistent choice of sound fiscal policies and good financial management (professional heuristics)
  • Limit conflict among government officials (transaction costs)
  • Take long-term perspective on growth, development, and capital maintenance
  • There is more than one path to good financial condition