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This product provides perspective on addressing state and local government fiscal concerns amidst economic instability. Featuring state and municipal directors of finance from across the country, this book provides a broad yet comprehensive overview of the challenges unique to managing a region's financial needs and implementing programs to protect critical services from funding reductions. The finer points of the budget development process, suggestions on the best practices for issuing debt, overseeing public and private partnerships, and allocating funds for infrastructure projects are all discussed. The book also addresses the importance of maximizing current resources in order to stimulate economic development.