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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 6: Use the plan to generate discussion. A good plan can stimulate constructive discussions about budgetary priorities. Although there may be initial confusion about the plan's connection to the annual budget and why it may show out-year budget gaps (most do), good multiyear plans can help voters understand the issues facing their communities in the coming years. A number of local government officials in the State use informal, internal plans to give elected decision-makers information about the potential effects of proposed policy changes. Others make the multiyear plan part of their public budget discussions, to generate discussion about priorities with citizens.

  Next: Module 2 - Projecting Revenues