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Budgets should be the financial expression of a council’s strategies and political vision. Faced with heavily reduced budgets and significant demographic challenges, local governments are having to radically rethink the way they work.
Yet, budgeting is lacking the innovation seen in many other service areas. This represents a barrier to real change. Traditional incremental budgeting can stifle innovation by preserving the status quo rather than questioning the strategic value of each pound.
NLGN’s report, ‘Smart Budgeting’, aims to assess progress across the sector using case studies of councils that have adopted new alternatives, such as outcome and zero-based budgeting and an in depth survey with finance officers. This research will assist leaders, chief executives and finance directors in deciding whether their council should embark on new budgeting approaches.
Speakers include Clive Betts MP, Chair of the Communities and Local Government Select Committee.