Priority based budgeting is a leading best practice in local government and a powerful lever for change. ResourceX provides the software solution and powerful analytic tools to implement a priority based budget using data and evidence to transparently and exponentially improve results for citizens and the community.
Priority based budgeting is a growing movement across North America. We have now partnered with over 200 cities, counties, school districts, special districts and non-profit organizations in the U.S. and Canada implement and apply PBB data for actionable decision-making.
The 4 Levels of Budget Mastery represents the key steps and stages to take the practice of resource allocation and reframe it as the practice to fuel the future we wish to create. Learn how PBB communities are scaling the 4 levels of budget mastery below.
Ability to Create a Balanced, Stable and Sustainable Budget
PBB was first invented as a means to balance the budget in a rational way, founded on the Results that define the purpose of our organization, and the alignment of resources (or lack thereof) towards those ends.
Our line-item budget, while an important accounting tool, is insufficient to understand if our spending is aligned with creating safer communities, healthier citizens, flourishing and inclusive economies, enabling and well-maintained infrastructure and the foundational results of society.
The fundamental breakthrough was taking each dollar we’re entrusted with, understanding how each dollar is tied to the programs we provide, and connecting those programs with the Results they influence.
Highlands Ranch, CO
San Juan County, NM
Unified Government, KS
Ability to Prioritize Spending, Free Up and Re-allocate Resources from Within
Resource optimization depends on knowing what you do (programs), how much it costs you to do what you do (program costs), and the relevance of the programs you provide (program priorities). Prioritizing programs allows your organization to realize where resources can be reallocated to optimize the achievement of Results.
Wheat Ridge, CO
Ability to Envision an Improved Future for your City, Free Up Resources and Launch New Programs to Realize a Better Future
When your organization becomes adept at reallocating resources, constantly freeing up resources to reallocate them, the most pressing question becomes: “to what end goals do we truly need to be pointing our resources?”
Setting compelling meaningful results that will create a fantastic future for your community depends on a valid environmental scan, and clearly articulated, measureable Results. Results like ending poverty, or ending homelessness, are appearing more and more in communities.
Ability to Extend City’s Approach to Resource Allocation Beyond “Silo” of City Organization, Tapping into and Leveraging Public/Private Stakeholders with Shared Missions
The next level up is when you realize there are other stakeholders whose mission is aligned with your own, who are in business to achieve the same societal objectives as you, in other words that there are more “resources” to leverage beyond the walls and confines of your own city government.
When you realize that resource prioritization can extend to all service providing entities within your region, not just your organization, then we achieve what Bruce Katz describes as the “New Localism” (maximizing the power of stakeholders).