City Leader Guide
on Fiscal Resilience
Respond
Stabilize
Transform
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City Leader Guide on
Fiscal Resilience
or choose one of the stages below based on your current situation:
Respond
Respond to the immediate crisis and create space for more sustainable reforms.
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Stabilize
Move beyond short-term stabilization and establish the basis for recovery.
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Transform
Maximize impact and adaptability to changing conditions.
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Here are some relevant questions and related critical tasks.
How do I adapt ”quick-fix” measures implemented during the Respond phase as long-term practices?
Institutionalize effective collaborative practices to build continuity
Consolidate successful initiatives that serve vulnerable groups and assess remaining unmet needs
Continue effective responses and supports for business community
How do I address medium-term revenue changes?
Manage the property tax levy responsibly
Explore new sources of revenue
Unlock value in unused or underused assets
How do I address medium-term expenditure changes?
Control personnel costs
Reallocate some expenditures strategically, based on the fuller information developed through activity-based budgeting techniques
Review purchasing practices
Budget for capital improvement and debt refinancing strategically
How do I set up management systems and practices to balance the budget
Collect data to benchmark your city’s cost and service standards
Monitor revenues and expenditures variances continually
Forecast pessimistic and optimistic scenarios for three, six and twelve months
Establish control systems to manage resources