Today was a rainy day, finally. I look out my window and see the city lights in the far distance, through the palette of raindrops, while reading some articles about the latest financial developments due to Covid-19. Well an interesting view on the threshold of the near future, of tomorrow.
The predictions, to be frank, are worrisome for the coming years and more difficult after 2 years from know. I know government can – in times of and in the modus of a crisis – print the money very easily or borrow it relatively cheap. It can spend budgets to all individuals, communities, civic organisations and companies which are in (desperate) need of support. We know all these spendings will have to be refunded and paid back by citizens, companies and lower governments. It is unavoidable to find the balance again. The awareness under public leaders, city managers, CFO’s and concern controllers is growing – “Houston, we have a problem” – , because municipality cash registers are deflating rapidly.
Where a romantic late evening view with a good glass of wine can cross the thoughts on a new financial strategy for local government, the city and the village. Same picture, two perspectives: home sweet home and the need for a sparkling and financial solid public governance. For now, cheers! Next Monday of course back to the design table with my colleagues.