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 leverage strengths and mitigate weaknesses in the city’s economy to build long-term resilience?
Perform a fiscal SWOT (Strength, Weakness, Opportunity, and Threat) analysis
Align revenue sources with the city’s sources of wealth
Improve accessibility to services
Assess pension liabilities and implement a funding plan
Address lack of authority to implement measures
How can the city be a catalyst for new economic growth?
Establish new partnerships
Support Workforce Development
Support or help create clusters of growing industries, prioritizing historically underserved Black and Brown communities
Promote wealth creation in under-served areas
How do I improve the city hall´s operating efficiency?
Reinvent processes and innovate
Explore collaborations and pooling of resources
Implement new procurement and contracting processes and standards
Implement performance-based budgeting