Rethinking budgeting: A transformative approach for state and local governments

State and local governments are heading into rough financial waters. With nearly every state facing budget deficits by 2025, the pressure to balance rising costs with community needs is mounting. Traditional budgeting methods, often reactive and disconnected from strategic goals, aren’t cutting it.

That’s where full-cycle strategic budgeting comes in. By linking every dollar spent to long-term priorities and leveraging technology for transparency, cities like Fort Worth are proving there’s a better way. Aligning budgets with community needs isn’t just good policy—it’s essential for financial resilience in uncertain times.

Abhi Nemani, Mark Funkhouser, and Nick Mastronardi

Route Fifty

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