Fiscal First Aid
What is Fiscal First Aid?
To help local governments deal with the many short-term and long-term financial challenges, the GFOA has a provided a program called Fiscal First Aid. Fiscal First Aid is the process of recognizing, arresting, and reversing a pattern of financial decline. GFOA has put this page together as a central resource for local government finance officers. At the core of this program are the Three Stages of Recovery: Bridge, Reform, and Transform. In Bridge, the goal is to avert immediate crises. In Reform, the goal is to balance the budget without making things worse in the long-run. And in Transform, the goal is to come back better, stronger, and more resilient than before.
View Fiscal First Aid Resources