Program objectives

Act 47 of 1987, § 102-A, under MUNICIPALITIES FINANCIAL RECOVERY ACT.

Act 47 of 1987, § 102-A

Section 102-A. Program objectives.

The Strategic Management Planning Program established by this chapter provides a municipality with a preemptive step for the purpose of seeking guidance and assistance from the Commonwealth to develop long-term financial management, administrative, service delivery and economic development strategies that the municipality can implement to avert a fiscal crisis and provide fiscal stability. The specific objectives of the Strategic Management Planning Program include the following and are meant to: (Intro. par. amended June 12, 2019, P.L.29, No.6)

(1) Provide the resources to assist a municipality in identifying, prioritizing and addressing the financial difficulties confronting it, while ensuring its short-term and long-term goals and objectives are adequately taken into account.

(2) Engage in a management review of its operations and provide recommendations that will enhance financial administration, management and service delivery of a municipality.

(3) Strengthen the ability of a municipality to develop, adopt, implement and monitor multiyear financial management plans and to incorporate the process into its annual budget process.

(4) Implement a system of multiyear revenue and expenditure trend analysis, monitoring and forecasting so that a municipality can better anticipate and plan for future financial circumstances.

(5) Promote multimunicipal and regional planning, cooperation strategies and cost-sharing opportunities between two or more municipalities.

(6) Support the adoption by a municipality of best management practices and efficiency measures to increase the financial stability of a municipality.

(7) Further the integration of sound community and economic development strategies to encourage the economic growth of the tax base of a municipality over a multiyear period.

(102-A added Oct. 31, 2014, P.L.2983, No.199)