PFM announced today that it will be teaming up with DebtBook to beef up the public sector's access to artificial intelligence solutions that are already transforming the way state and local government get things done.
"By partnering with DebtBook, PFM recognizes the value of software built specifically for clients to face growing operational complexities and ultimately advance their missions," said JoAnne Carter, CEO of PFM.
"As we look ahead, dynamic technologies will continue to play a defining role."
PFM works as financial advisors and consultants to housing authorities, public power and transportation sectors, as well as state and local governments.
The new alliance will be leveraging Synario, PFM's financial modeling platform.
The system is designed to help ease capital project planning, long term forecasting, multi-year budgeting and generate stakeholder presentations.
The partnership with DebtBook is expected to enhance treasury operations for clients across a wide spectrum of applications.
"By combining PFM's deep expertise with our technology, we can help PFM's clients automate away operational headaches and focus on strategic treasury decisions that strengthen their organizations," said Tyler Traudt, CEO of DebtBook.
DebtBook's client base overlaps with PFMs. Its software provides solutions for debt management, cash flow, leasing, and tracking investments.
According to the National League of Cities, municipalities are quickly adapting to artificial intelligence by creating new positions designated as "
Seattle, Washington is a leader in the space by adding a AI Chief position after writing an official AI policy statement in 2023 and then adopting a plan to put things in motion.
Louisville, Kentucky followed suit in December 2025 by appointing a Chief AI Officer and aligning goals with the existing IT department.
Both cities cherry picked personnel by recruiting talent with private sector experience.
As states and cites wrestle with
During the pandemic, Pittsburgh, Pennsylvania, used the technique to identify $41 million in resource reallocation and new revenue.
Washington County, Wisconsin was able to reallocate its operating budget which helped make the Parks & Recreation operations self-sustaining.
Ft. Worth, Texas used priority-based budgeting to future-proofed its budgeting process by focusing on individual programs rather than traditional line-item expenditures.
"We believe innovation exists to solve real problems our clients seek to tackle," said Carter. "We see that same mindset reflected in DebtBook's mission and products, making our strategic partnership a natural fit."
