Cities everywhere are challenged by congestion, pollution, crime, aging infrastructure, falling budgets and many other issues. They need new strategies and new technologies to address those challenges. Certainly smart technologies are a solution. But they come with a price tag. Fortunately, there are numerous financing tools available to help cities and regional governments pay for smart city projects.
This Guide, developed for the Council by the Center for Urban Innovation at Arizona State University, provides detailed, expert analysis of 28 municipal finance tools for city leaders investing in the future. Many of the tools represent alternatives to the traditional funding mechanisms municipalities have used for decades.