The Fund for Our Economic Future has written a report on local government spending to overall growth of the area's economy. Like all reports of this kind, the reader is encouraged to read with a discerning eye. The following is the press release with a link to the full report:
For Immediate Release
Northeast Ohio’s Rate of Local Government Spending is 70 Times the Region’s Population Growth, 2.8 Times its Inflation Rate and 2.4 Times its Economic Output
CLEVELAND (May 26, 2011) – Efficient, effective local government’s role in improving Northeast Ohio’s economic future is the focus of a new report issued today by Advance Northeast Ohio, the economic competitiveness agenda of the Fund for Our Economic Future. An accompanying website also launched today: www.efficientgovnetwork.org.
The report, titled Opportunity Abounds: Local Government Collaboration Can Be a Building Block to Economic Competitiveness, illustrates the current status of government spending versus other economic indicators using data provided by the Center for Government Research (CGR). CGR assesses the cost of local government on Northeast Ohio and compares it to regions across the country.
“More than ever, government efficiency and collaboration are relevant and timely topics in our region,” said Robert Jaquay, vice president of the Fund for Our Economic Future and associate director of The George Gund Foundation. “We are beginning to see the positive results collaboration can bring, including significant savings to protect vital services and ensure our communities invest in innovation and education to create jobs and keep the region competitive in the global economy.”
Among the key findings of the Opportunity Abounds report:
The Opportunity Abounds report recommends local government collaboration as an essential way to close the Growth Gap and counter government inefficiencies and fragmentation. A sentiment that is supported by residents.
“Northeast Ohio residents have made it clear that more efficient local government is a regional priority,” said Brad Whitehead, president of the Fund for Our Economic Future. “Progress has been made, but there is still much work to be done to curtail and consolidate local government spending. The Opportunity Abounds report uses research to illustrate the current situation and offers ideas from the Fund to help the region reach efficiency goals and be more competitive.”
The Fund for Our Economic Future has supported numerous regional efforts, such as the EfficientGovNow contest, to foster more efficient and collaborative local government.
Based on report findings, the Fund’s and others experiences, three action items will be pursued in partnership with Advance Northeast Ohio.
The full Opportunity Abounds report is available for download : www.efficientgovnetwork.org/resources/reportscasestudies.
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