Best Practices Approved by Government Finance Officers Association Will Help Cities
The Government Finance Officers Association’s (GFOA) Executive Board recently approved 14 best practices – eight new and six revised – on topics from managing health-care costs to pension funding policy. These new and revised best practices are being released at a time when cities continue to voice a need for new strategies to approach finance, investment and pension policies to improve local economic outcomes.
Of the 14 best practices approved by GFOA’s Board, four are particularly relevant to the current needs of NLC members, covering:
- strategies to manage health care costs;
- factors to address in public and private grant administration;
- how to establish and manage Tax Increment Financing districts; and
- core elements of pension funding policy.
GFOA has a long history of providing exemplary government financial leadership to cities, and also supports NLC in advocating on its federal financial policy priorities. Beyond these 14 best practices just approved by the GFOA Board, cities can view the full breadth of GFOA’s large and diverse catalogue of best practices and advisories here.