While it is difficult to take our eyes off the present, the financial impacts of COVID-19 appear to be lasting. Local governments must prepare. In light of this and discussions we’re having with local government leaders, we’re finding many need assistance.
Surviving or thriving, extended COVID-19 financial impacts will require urgent financial planning on at least a 3- to 5-year horizon. We’re simply not seeing any other way to get through it!
Organizations, such as the California Society of Municipal Finance Officers, the International City/County Management Association, the League of California Cities, and the Government Finance Officers Association, have provided some guidance already. However, each agency has a different local fact-pattern in which to apply these over the short and long term, which can be time consuming while simultaneously handling the urgencies of this pandemic.