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Local Government and School Accountability

Multiyear Financial Planning

A Tutorial for Local Government Officials

Module 1: Elements of a Successful Plan
The Process of Multiyear Financial Planning

STEP 2: Decide on a timeframe, keeping in mind that projections are most useful if they cover a time period short enough to be predicted with some confidence but long enough to reveal emerging shortfalls or other issues several years out. Most plans project about three to five years, including the upcoming budget year.

  Next: Step 3 - Select a Level of Detail