This three day program provides a thorough foundation in municipal finance with a focus on urban planning, economic development, and potential funding models.

The next session will take place March 14 - 16, 2018 in downtown Chicago.

March 14, 2018

12:15-1:45 p.m. – Course Overview, Introductions, Networking Lunch

Introductory remarks will provide you with an overview of the course, goals, format, and participant backgrounds.

1:45 – 3:30 p.m. – Session 1: Urban Economics & Growth

The first session will introduce you to the elements of urban economics that drive growth in local governments.

Concepts that will be covered include the following: basic economic principles that drive revenue growth and strengthen local economies; the economics of different community types that lead to revenue outcomes; how to measure the local economy (i.e. measurement of local GDP); how the composition of land and zoning changes can impact local economies; the role and importance of land markets; among others.

3:30 – 3:45 p.m. ­– Break

3:45 – 6:00 p.m. – Session 2: Intergovernmental Fiscal Frameworks, Revenues, and Budgeting

This session will introduce you to the intergovernmental framework of fiscal governance for local governments in the United States.

Concepts that will be covered includes: how local governments raise revenues; the levers local governments can use to raise outside capital; the composition of own-source revenues (with a focus on the property tax); an overview of intergovernmental revenues; and a basic introduction to government budgets.

6:00 – 7:00 p.m. – Break

7:00 – 9:30 p.m. – Dinner and Keynote Address (Guest Speaker to be announced)

March 15, 2018

8:00 – 8:30 a.m. – Breakfast

8:30 – 10:00 a.m. – Session 3: Capital Budgeting/Accounting and Infrastructure Maintenance

The session will introduce you to how governments plan for and finance infrastructure through capital budgeting.

10:00- 12:00 a.m. – Session 4: Debt/Municipal Securities

This session will provide an introduction to funding projects using municipal securities.

Concepts to be covered include: the different types of debt instruments and how they work; the debt issuance process; infrastructure banks; debt issuance for tax increment finance; among others.

12:00 – 1:30 p.m. ­– Lunch: Guest Speaker – The U.S. Municipal Market

1:30 – 3:30 p.m. – Session 5: Land-Based Finance/Land Value Capture

This session will provide an introduction to funding projects using land value capture.

Concepts to be covered include: direct and indirect instruments of land value capture; models of land value capture instruments (sale of development rights, impact fees, special assessments, inclusionary housing, etc.); among others.

3:30 – 3:45 p.m. – Break

3:45- 5:45 p.m. – Session 6: Public-Private Partnerships

This project will provide an overview of public private partnerships and how they can help fund new projects.

Concepts to be covered include: models of public private partnership, particularly ones where local governments contract with the private sector to design, operate, build, maintain, and finance public assets; the benefits and challenges of public-private partnerships; among others.

5:45 p.m. – Free time. Dinner on your own.

March 16, 2018

7:30 – 8:00 a.m. – Breakfast Available

8:00 – 9:00 a.m. – Breakfast Guest Speaker: Credit Analysis in Cities & Risk Assessment

9:00 – 10:30 a.m. – Session 7: Cost Benefit Analysis – Across Instruments

This session will introduce you to how a cost benefit analysis of financial instruments can be used in evaluating infrastructure projects.

10:30 – 10:45 a.m. – Break

10:45 – 11:15 a.m.  – Session 8: Fiscal Impact Analysis

The session will introduce you to how fiscal impact analysis works, including its benefits and limitations.

11:15 – 12:00 p.m. – Break & Group Work

12:00 – 2:00 p.m. – Lunch, Reports Outs, Presentation of Certificates, Closing Ceremony, and Final Remarks