Despite improved U.S. economic conditions, state and local agencies are continuing to grapple with uncertainty. Want proof? Consider the impact the lasting effect high debt burdens and pension shortfalls are having during the budgeting process. And if that’s not enough, fluctuations in tax policies aren’t helping either, as the resulting impact to income receipts make cash flow planning murky at best.
The war for talent is also a challenge for state and local agencies, as qualified personnel resources are difficult to find. And at a time when audit oversight and operational regulations are adding additional scrutiny to the budget formulation process – top talent is also difficult to retain.
Re-posted with permission from Source