The budget of a government is its spending plan for the year; it is not a measure of the government’s financial health or its ability to pay wage and benefit increases. Budgets are based on conservative revenue and spending projections in which revenues can be underestimated and expenditures overestimated. However in negotiations with local governments, public unions only hear about the budget, or planned governmental spending, not the government’s health. Bachecki, Crom & Co. has developed the expertise to go beyond the budget and analyze other financial information such as the audited financial reports, rating agency reports and other financial data to determine the true financial health of the government.
Since 1982, we have:
- Analyzed the financial health of over 117 districts, cities, counties and states
- Prepared over 299 financial analyses of districts, cities, counties and one state, and
- Testified in over 48 interest arbitration proceedings.
