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Municipal Finance: CURRENT CHALLENGES AND OPPORTUNITIES

London School of Economics City Reformers Group Workshop Public Finance and Debt — Cities March 22, 2011. Municipal Finance: CURRENT CHALLENGES AND OPPORTUNITIES. Robert Weissbourd, RW Ventures, LLC. Overview. The Big Picture: New Governance for a New Economy

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Municipal Finance: CURRENT CHALLENGES AND OPPORTUNITIES

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  1. London School of Economics City Reformers Group Workshop Public Finance and Debt — Cities March 22, 2011 Municipal Finance: CURRENT CHALLENGES AND OPPORTUNITIES Robert Weissbourd, RW Ventures, LLC

  2. Overview The Big Picture: New Governance for a New Economy City Budgets: Challenges and Opportunities Revenues Expenditures Summary

  3. Government Is Broken Unaccountable Inaccessible Insular Inefficient Bureaucratic Top-down Image from The Center for Public Integrity

  4. … and Proliferating • Fragmented • Uncoordinated • Legacy Governments

  5. … and Out of Date The dynamic, knowledge-based economy requires a new, more nimble style of governing. Gross Domestic Product% Change Over Last 50 Years Source: The Wall Street Journal, May 20, 1999. Source: Newsweek, Manyika, Lund and Auguste, “From the Ashes,” 8.16.2010

  6. From Government to Governance Non-profits Governance: Collaborative Flexible Open Innovative Risk-taking “Of the People” Intentional Citizens Businesses Government Universities & Research Centers

  7. Governance in the Next Economy Build on your assets Compete on value added – tax-value proposition Invest strategically to encourage long-term growth Inclusive Governance

  8. Cities in Crisis: A Look at City Budgets Year-to-Year Changes in Cities’ General Fund Revenues and Expenditures Distinguish Two Challenges: Long-term structural deficits vs. Recessionary deficits Source: Christopher W. Hoene & Michael A. Pagano, National League of Cities, Research Brief on American Cities, October 2010

  9. Sources of Revenue

  10. Revenue Strategies

  11. Public Private Partnerships Photographer: Frank Polich/Bloomberg Photo Source: BusinessWeek

  12. Sources of Expense

  13. Expenditure Strategies

  14. Summary: City Financing Options

  15. London School of Economics City Reformers Group Workshop Break Out Group 4: Public Finance and Debt — Cities March 22, 2011 DISCUSSION Municipal Finance: CURRENT CHALLENGES AND OPPORTUNITIES Robert Weissbourd, RW Ventures, LLC

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