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When Good Budgets Go Bad: Dollars and Sense Revisited

By: Nicoll, John | Nation's Cities Weekly, October 13, 2008 | Article details

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When Good Budgets Go Bad: Dollars and Sense Revisited


Nicoll, John, Nation's Cities Weekly


The following is a preview of one of the topics to be covered during Leadership Training Institute seminars at NLC's Congress of Cities and Exposition in Orlando, Fla., November 11-15.

The laws of unintended consequences hold true in the management of budgets and finance. Things that seem like a good idea at the time often produce results we had not anticipated.

Cities and towns across the nation seem to be caught off guard when the economic cycles and our own well intentioned, ill-advised practices come around to bite us. The national and local press is full of stories of financial trouble at all levels of government.

Ironically, the genesis of our problems is …

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