Retired City Manager Fran David on the New Normal in Municipal Finance

Hear Fran David, Avenu advisory board member and former city manager of Hayward, California, describe the changing nature of municipal finance and things public administrators need to consider before raising revenue with a tax measure.

MuniServices/Avenu To Have Strong Presence at CSMFO

The California Society of Municipal Finance Officers will attract 300+ municipal finance officers and public administrators to Riverside, California, for its 2018 Annual Conference.

Heard at California League of Cities: “We can’t invest our way out of this pension problem”

At last week’s City Managers Department Meeting in Newport Beach, shortfalls in pension funding was a popular topic. The League released a report finding that cities in the next seven years will have to double what they pay from their general funds for employee retirement funds. One presentation showed that the state’s CalPERS is only 70 percent funded, meaning the issue will remain a challenge for years to come. Presenters and attendees mentioned how more fees and more contributions from beneficiaries are under consideration.

Analysis: Federal Tax Law Creates Burdens for Local Government

As the dust settles after the signing of the Federal Tax Cuts and Jobs Act of 2017, its impact to local governments has become clear: there are barriers to maintaining revenue levels, along with higher costs. This new operating environment will affect service levels in cities, towns, and counties across the U.S.