ResourceX aspires to change the way local governments approach budgeting and resource allocation.
Local government budgets are often line item budgets consisting of 100’s if not 1000’s of organized account codes. It’s a good structure for book keepers but not the easiest to understand for decision makers. Priority Based budgeting is a newer budgeting process and best-practice. It maps the finance officer’s account codes to a program budget. Priority Based Budgeting apportions a price-tag to each program, scored and ranked relative to societal objectives.
Eric Keck, City Manager, Englewood, CO
“As a local government practitioner who has worked with the Center for Priority Based Budgeting for a decade, ResourceX has taken a great product and made it even better through their online applications. The simplicity of function as well as the high value of the data provided in the Resource Alignment Diagnostic Tool and Online PBB is something that every municipal government in the world should have at their fingertips. Quite simply, this is the most powerful budgeting resource that exists in the world. ResourceX continues to build upon and deliver powerful and functional solutions.”
Despite its obvious appeal, Priority Based Budgeting can require tedious effort to map account codes to programs. The process is often led by consultants who rely on dozens of spreadsheets, making it expensive to implement and difficult to update and maintain.
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No one wants higher taxes. Everyone wants government decision makers to align resources with the programs that most serve the citizens and desires of the community. That’s what we are able to deliver now to our clients.
Sandy Spang, City of Toledo, Councilwoman
“The story we tell ourselves in this City is that we’re broke, busted, bankrupt. And we turn to citizens begging them to understand this obvious fact, and to provide us money for what we need. But how do we stand behind this story when we collect over $600 million every year? We’re not broke! We just choose to lock our assumptions that every dollar is spent exactly as it should be. The process and tools of Priority Based Budgeting upends this assumption and unlocks opportunities to substantially re-allocate the resources we have.”
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