PHOENIX - A survey of more than 200 government finance officers revealed that three-quarters of them lack confidence in their long-term fiscal projections.

The survey, conducted by PFM Solutions LLC during the Government Finance Officers Association conference in Denver last month, revealed that 74% of the local government financial executives polled lacked confidence in their long-term financial decision-making. The survey further found that 58% of respondents viewed the reliability of their long-term financial projections as “limited or problematic” and 36% of those surveyed characterized their current process for long-term financial planning as “problematic or burdensome.”

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