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Across the nation, exploding costs and slowing revenues are stark realities that will need to be creatively addressed at every level of government, if fiscal sustainability is to be achieved. There is good news to report, however. A growing number of governors are exploring strategies and implementing solutions to improve the way finances and costs are managed. But there’s more to be done and now’s the time to do it. As Stanford economist Paul Romer warns: “A crisis is a terrible thing to waste.”

Highlights:

• Exactly how big is this crisis going to be? Are there studies that indicate the dimensions and impact of this downturn? How are fiscal outcomes projected? (3:42)
• What’s driving the crisis? What’s the root of our fiscal difficulties at the local, state and national levels? (11:34)
• How should governors be attacking this situation? What should they be doing right now? (30:01)
• Should we be investing in longer-term technology in these challenging times? (52:45)

Guests:
Governor Tom Ridge, senior advisor, Deloitte LLP, and president and chief executive officer of Ridge Global LLC
Robert N. Campbell III, vice chairman and State Government leader, Deloitte LLP
Christina Dorfhuber, principal, Deloitte Consulting LLP
Mark Price, principal, Deloitte Consulting LLP

Related Content:
Report: Mastering Finance in Government: Transforming the Government Enterprise Through Better Financial Management
Overview: Driving State Transformation in an Economic Downturn
Transcript: The Wolf at the Door – Taking Aim at the Fiscal Crisis
Resources: U.S. State and Federal Government

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