In a resilient city, the municipal finance system is able to withstand large-scale shocks to revenues or unforeseen needed expenditures through reserving and flexible budget reallocation mechanisms (robust and redundant). Budget planning, management, and policymaking are based on actual performance data, including information on damage and loss from previous shocks or stresses (reflective). A resilient city has a municipal finance system that has...
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Municipal finance : optional sectoral module (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/178661525765314780