Budget Resiliency: How Public Agencies can Innovate to Address the Revenue Gap - ERP Spain.com - España y América Latina

The COVID-19 public health crisis has created ripple effects in our economy, forcing state and local governments to reevaluate and shift their operational priorities. Cities, counties and states rely heavily on taxes and fees, which are dependent on regular economic activities—from sales and real estate excise taxes to parking and street-use fees. With a significant slowdown in economic activity, projected budgets have taken a hit, with many public agencies facing massive budget shortfalls. During this session, we will hear from public and private sector experts with invaluable experience from the last recession. Together, we will explore how cities and transportation agencies can identify potential revenue-generating initiatives that offset costs—and help close the revenue gap.