1 / 15

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

bruno-munoz
Download Presentation

Municipal Finance: CURRENT CHALLENGES AND OPPORTUNITIES

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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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 … and Out of Date The dynamic, knowledge-based economy requires a new, more nimble style of governing.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

More Related