With the COVID-19 pandemic in full force, it is tantamount for municipalities to find solutions to respond to external forces never encountered before. With the onset of a recession, many local public entities that were already facing escalating pension and healthcare costs are going to be hampered by reduced revenue collections and rising costs related to the pandemic.
- Identifying negative trends, and management’s plans and financial statement disclosures to address going concern considerations in the near term;
- Potential solutions implemented and communicated through the budget-setting process to close budget gaps, preserve liquidity and reserves;
- Building consensus within governing bodies to take early action as a necessity, not a choice, and;
- Where to turn when significant reduction is not sufficient to address fiscal issues.
“Surviving the Pandemic’s Fiscal Crisis – Options for Municipalities” will be held on July 10th at 10:30AM PST. Register now.