Exploring Urban Wealth Funds: Finding Hidden Assets for Better Budgeting
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Exploring Urban Wealth Funds: Finding Hidden Assets for Better Budgeting
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About this listen
In this episode of "The Quest for Better Budgeting," the former mayor of Salt Lake City and state senator of Utah, Ben McAdams, discusses the concept of urban wealth funds. He shares his experience of discovering untapped wealth within the city's real estate assets and how he used it to fund new programs without raising taxes. McAdams also talks about his collaboration with the GFOA to help other cities realize their assets and generate revenue for various programs. Tune in to learn more about how to put assets to work in urban wealth funds.
Find out about the GFOA cohort project: https://www.gfoa.org/paw
Connect with Ben McAdams: benmcadams@gmail.com
Links to articles about Urban Wealth Funds (UWF):
Are local governments leaving billions on the table: https://www.governing.com/community/are-local-governments-leaving-billions-on-the-table
New users of public assets are helping Atlanta fill its affordable housing app: https://www.governing.com/housing/new-uses-of-public-assets-are-helping-atlanta-fill-its-affordable-housing-gap
Localities look to an untapped 'Goldmine' of Potential Revenue: https://www.route-fifty.com/finance/2022/07/underused-city-assets-local-government-revenue/373913/