Budgeting for Big Swings: Resource Optimization and The American Rescue Plan
The American Rescue Plan (ARP) will infuse more than $130 billion of direct, flexible funding into local governments, easing the immediate financial trauma facing almost every community across the country and providing options to overcome shortfalls and simultaneously rebuild for a stronger, more sustainable future. While the funding is undoubtedly a blessing to communities in crisis, there also comes with it a predicament: how best to invest? While short-term strategies will address the undeniable and urgent needs in communities, a long-term strategy should focus on creating long-term sustainability and resiliency, leveraging the power of unprecedented resources to commit to your most challenging goals.
Chris Fabian, Co-Founder and CEO of ResourceX and creator of the Priority Based Budgeting (PBB) methodology, will talk about taking big swings in the pursuit of a better future. Governments are constantly juggling multiple issues of immediate importance. Resource scarcity and organizational constraints make it challenging to address "new" issues. Establishing a Big Swing goal for your organization and prioritizing resource allocation based on that vision can minimize investment in areas that aren't contributing highly and realign those resources to programs making a more substantial impact.
The foundational unit of PBB, the Program, provides the vehicle for fueling resources towards tackling wicked problems and making bold investments backed by data. Local governments must recognize that investment in the future includes big swings addressing equity, sustainability, climate, homelessness and other societal challenges. The carryover effect of this investment contributes to all other outcomes vital to their communities, such as safety, economic growth, infrastructure stability and community well-being.
- Chris Fabian, Co-Founder and CEO, ResourceX
This webinar is complimentary for ICMA members thanks to the sponsorship of an ICMA affiliate who will have access to registration information.
ICMA Practice Areas:  Strategic Planning;  Financial Management and Budgeting
Chris Fabian is Founder and CEO of both the Center for Priority Based Budgeting and Resource Exploration. Priority based budgeting (PBB) is a leading best practice in local government and a powerful lever for change. ResourceX provides the software solution and powerful analytic tools to implement a priority based budget using data and evidence to transparently and exponentially improve results for citizens and the community. He combined both companies in 2017 under ResourceX, with staff members in Colorado, North Carolina, Texas, New Mexico, Michigan and Ohio. PBB is now practiced and applied by over 200 organizations across North America.
Chris’s journey into the world of Government Finance began in 2003, when his very first company, the Local Government Solutions Group, was a partner to David Osborne’s “Public Strategies Group” – Osborne, if the name is familiar was co-author of “Reinventing Government” and “The Price of Government.” In partnership with Public Strategies, Chris worked with some of the country’s first pioneers in “Budgeting for Outcomes” – the process that first attempted to propose an alternative to traditional line-item budgeting approach, emphasizing the “Outcomes” that the public gets for its money.
From 2005-2008, Chris’s work centered on creating the Priority Based Budgeting process while a local government practitioner. “PBB” is currently recognized as a leading practice by the International City/County Management Association (ICMA), the Government Finance Officers Association (GFOA) as well as the Alliance for Innovation.