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Local Government and School Accountability

Multiyear Financial Planning

A Tutorial for Local Government Officials

This tutorial is designed to help local government officials create an effective multiyear planning process that helps to identify and manage potential fiscal difficulties and prevent fiscal crises. All local governments, large and small, can benefit from creating a multiyear plan, which allows decision-makers to set long-term priorities and work toward goals.

The Office of the State Comptroller long advocated multiyear financial planning for all local governments, especially in challenging economic times. It is good for taxpayers, good for bond holders, and good for local officials who do not want to be blindsided by sudden budget gaps.

OSC provides technical support to local governments attempting to plan, all of which can be found at our multiyear planning page.

We invite you to test your knowledge on this topic by taking this multiyear financial planning questionnaire.

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