TOWARDS FISCAL RESILIENCE

Identify key questions to get a sound and comprehensive picture of their city's fiscal situation. It lays out a set of guiding questions and associated critical tasks that can help city leaders structure their thinking around the challenges they are facing... City leaders are dealing with a health crisis and an economic crisis at the same time. Lockdowns have begotten economic paralysis, causing a dramatic decrease in city revenues. At the same time, cities are being called on to increase spending. Cities must deliver more with even less. They are forced to rethink their budgets radically and make tough choices... While there are no perfect solutions and no painless remedies, leaders can still take measures that make the best of a bad situation: a data-driven, innovation-oriented approach can help city leaders avoid "lose-lose" scenarios and even find opportunity in the current predicament.