Transcend Finance LLC

?????????????????? ?????????????????? ???????????? ?????? ??: ?????????????? ?? ??????????-???????? ?????????????? ???????? Dedicating a portion of the budget each year to fund capital projects will help any municipality stay ahead of wear and tear, maintenance, and upgrading facilities, vehicles, infrastructure, and more. A multi-year capital plan such as a road paving schedule, a bridge repair schedule, or a fleet replacement plan will help residents understand how their tax dollars are tangibly converted into funding levels of service. ?????? ???? ?????? ?????????? ???????????? ???? ?????? ???? ???? ?????????????????? ???????????????????? ???? ???????????????? ?????????????????? ???????? ?? ?????????????? ?????? ???????????????? ?????????????? ???? ???????? ???? ?????????????? 17 ???????? ???????????? ???? ?????? ???????? ?????? ???? ???????? ???? ?? ??????????-???????? ?????????????? ????????, ???????? ?????????? ???????? (???????? ????????) ???????????????? ?????????????????? ???????? ???????????? ???? ?? ?????????????????? ??????????. If increases in rates/taxes are scheduled according to the needs of long term capital planning, we are serving our residents, exercising fiscal responsibility, and making the world a better place. Also, put this plan on the website! Make it interactive, and residents will thank you. If you don't have a long-term capital plan at your municipality, reach out!

?????????????????? ?????????????????? ???????????? ???? ???????? ????! Over the course of the next few weeks, I'll be outlining some helpful strategies for municipalities to achieve an excellent budget outcome. ?????? ??: ???????????? ???? ???????????????? ?? ???????????? ???????????? ???????? ?????????????? ?? ???????????????? ???????????? ??????????????????. It’s essential for recurring revenues, such as property taxes and water/sewer fees, to meet or exceed recurring expenditures. However, many municipalities opt not to raise taxes or rates to cover operational costs, instead relying on nonrecurring sources like reserves to fill budget gaps. While this might appease voters and get officials re-elected, it is not a sustainable financial strategy. Inevitably, this approach leads to a crisis, where taxes or rates must be dramatically increased, often causing public outrage and shock. Alternatively, municipalities might be forced to reduce service levels to manage deficits. A sound budget policy focused on fiscal responsibility can significantly improve the dialogue around necessary tax adjustments and rate increases, helping to ensure long-term financial stability.

Excited to be attending the Pennsylvania Municipal Authorities Association Annual Conference in a few weeks. We are looking forward to getting to know fellow members, learn more about the intricacies of Authorities in PA, and show how we can empower municipalities through financial excellence!