Developing Accurate Long-Range Forecasts for Fiscal Stability and Capital Planning

Russ McIntosh makes the case for long-range financial forecasting in the December issue of The Authority, a publication of the Pennsylvania Municipal Authorities Association. Russ advises authorities to move beyond single-year budgeting toward multi-year financial planning in order to support data-driven decisions, better communication, and fiscal stability. He also gives practical advice for making more accurate forecasts of revenue and expenditures and then using those forecasts to estimate cash flow for long-term capital improvement planning.  You can read the full article on the Pennsylvania Municipal Authorities Association website.