Navigating City Finance: Balancing Short-Term Needs and Long-Term Plans

This chapter explores the significance of long-term financial planning in city finance departments, addressing the challenges posed by short-term thinking among elected officials. It features a case study that illustrates effective strategies to manage pension debt, while emphasizing best practices for maintaining fiscal sustainability amidst budgetary pressures. The chapter also outlines essential fiscal policies and management practices that can enhance transparency and responsibility in local government finance.

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