Local Public Finance Dynamics and Hurricane Shocks (NBER, 2020). Budget and Policy Priorities (18 July 2018). State limits in property taxes hamstring local services and should be relaxed or repealed. State and Local Governments’ Fiscal Outlook: 2019 Update (GAO, 2019). In general, mayors, city councils, and other governing. Press, 2021).įourth National Climate Assessment: Impacts, Risks, and Adaptation in the United States (USGCRP, 2018). Whereas the Federal Government and State governments share power in countless ways, a local government must be granted power by the State. IPCC Climate Change 2021: The Physical Science Basis (eds Masson-Delmotte, V. In this Comment, we will use the United States as an example to highlight the consequences of climate risks for local government budgets and provide a forward-looking framework to anticipate the fiscal risks of climate change and identify the comprehensive budgetary benefits of adaptation efforts. The North Carolina Local Government Budget Association (NCLGBA) is a professional. For local governments to continue to provide essential place-based public services, such as education, police and fire protection, and housing and community development, they need to manage the increasing risks of declines in certain sources of revenues and growing expenditure related to climate hazards, including emergency response, defensive expenditures and increased infrastructure operating costs. Home State Government Local Government Planning & Performance Office of Lean Enterprise Budget Submission. Promoting the budgeting profession through education, networking and advocacy. There is currently limited understanding of how climate changes may negatively alter the fiscal condition of local governments, and how public officials can best focus their resources to moderate these increasing risks. Having a clear strategy and vision for the budget will help. One overlooked but critical route is the undermining of the fiscal health of local governments 3. The first step in the budgeting process is to evaluate current budget requests, revenue and financial objectives. The impacts of climate change are increasingly visible and threaten our wellbeing through complex pathways 1, 2.
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