Nine Ways Government Organizations Can Reduce Budget Deficits Without Cutting Services
As the fiscal crisis that began in 2008 continues, most experts agree that this economic downturn is different than its predecessors, in that it is deeper and will take longer to resolve. That leaves state and local governments facing a massive challenge: balancing low revenues and high costs with no relief in sight. Overcoming this imbalance will require proactive strategies, not simply cutting staff and slashing services. To succeed, governments must adopt a strategic approach to reducing costs through structural change. This paper outlines 9 ways that government organizations are transforming their structures to create structural balance in their budgets - while generating new value for their citizens for the long term.