Why Governments Need Fiscal Change to Grow

Watch the replay of our webinar featuring Stephanie Rawlings-Blake, who served as the 49th Mayor of Baltimore from 2010 to 2016, the second woman to hold that office.

To address the many challenges facing the City of Baltimore, Stephanie Rawlings-Blake presented “Change to Grow: A Ten-Year Financial Plan for Baltimore”, the City’s first long-range financial plan. Among other major reforms, the plan outlined proposed changes to Baltimore City’s employee pensions and benefits system, City tax structure, and overall municipal operations.

By implementing elements of this plan, Baltimore City has been able to extinguish $300 million from a cumulative budgetary shortfall forecasted at approximately $750 million.

Key learning objectives:

  • Learn why long-term fiscal planning is much more than just a spreadsheet exercise
  • Explore best practices for investing in the future and reducing long-term liabilities
  • Understand how long-term financial planning provides a necessary platform in sustaining the growth and vitality of the broader community
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