Bridging the Opportunity Divide

How “Outcome Budgeting” Made Baltimore America’s Forwardest-Thinking Budgeter

November 24, 2013
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How “Outcome Budgeting” Made Baltimore America’s Forwardest-Thinking Budgeter
baltimore
Flickr. Kathleen Tyler-Conklin
The city has boosted its savings balance while attracting new residents by lowering property taxes

After Detroit, city budgets are getting a lot tighter, and a lot more attention. One city that’s doing its budgets right is Baltimore. Since the recession, Baltimore’s been able to boost its savings balance while attracting new residents by lowering property taxes. The city calls its approach “Outcome Budgeting”, which has spread to other cities like Lincoln, Neb., and Richmond, Va. It essentially means taking the long view of fiscal planning. Under current Mayor Stephanie Rawlings-Blake, budget shortfall has decreased by almost $100 million. The crucial question is whether the long game will persist across different mayoral terms; Rawlings-Blake’s first term is up next year.

 

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