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Aug 13

Defining good governance: Why investors should look to data-driven cities

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An important new article outlining how data-driven decision-making (PBB) along with budgeting to priorities (PBB) can be highly influential to an organizations bond rating. We have already seen this in action with existing PBB communities.

 

"When cities improve the way they leverage data for decision-making, they deliver higher-quality services, maximize resources, and are more resilient in the face of challenges.

 

The willingness and ability of city leaders to use data effectively to drive better outcomes for residents must become part of how the investment community evaluates cities.

 

First, investors should consider whether cities align their budgets to priorities and hold themselves accountable for achieving results....."

 

https://www.bondbuyer.com/opinion/why-investors-should-look-to-data-driven-cities?feed=0000015a-90ba-d259-ad5e-bbffff5f0000

 

S & P Global Ratings Affirms Scott County, Minnesota "AAA" Rating with Strong Support from Priority Based Budgeting!

 

"Strong revenue and expenditure assumptions incorporated into the annual budget, as the county uses a priority based budgeting model that is informed by historic trends and external data and requires the annual review and justification of expenses." S&P Global Ratings report on Scott County GO Bonds

 

https://www.resourcex.net/single-post/2017/11/29/S-P-Global-Ratings-Affirms-Scott-County-Minnesota-AAA-Rating-with-Strong-Support-from-Priority-Based-Budgeting

New Posts
  • A closer look reveals why being labeled as a city with a "high cost of government" need not always be a negative label, but can actually be a source of pride.  This article highlights recent "Resource Optimizer" award winner South Jordan City. SJC was recently identified as a city with a "high cost of government" by the Utah Taxpayers Association. SJC was able to respond to this label and articulate exactly how, why and where they spend tax dollars. As South Jordan City Manager Gary Whatcott states, “Spending is not ‘right’ or ‘wrong’—it is what a community decides.” Full article here https://www.resourcex.net/single-post/2019/10/08/Why-High-Cost-of-Government-isnt-always-a-bad-thing
  • Reinventing fiscal analytics. Chris Fabian, the Co-Founder of ResourceX, joined the podcast to talk about his work with local governments and improving how they prioritize the services they provide. Chris shared why ResourceX was started and examples from communities doing priority based budgeting. He also talked about government as a platform and starting a city from scratch on the moon. https://elgl.org/podcast-priority-based-budgeting-with-chris-fabian-resourcex/
  • Check out the attached one page document on applying program groups and then share your questions or how your organization is or will use program groups. Program Groups allow you to view a total cost for a service, while maintaining individual allocations and scores.