Executive Perspectives on Top Risks for the Near- and Long-Term: State and Local Governments

Preview Image
Image
screenshot of the first page of Executive Perspectives on Top Risks for the Near- and Long-Term State and Local Governments
By
Protiviti

State and Local Government Risk Trends

State and local governments are navigating a world where uncertainty is the new normal. From sudden geopolitical shifts and economic turbulence to the mounting impacts of climate change and cyber threats, leaders must be ready for risks that can disrupt their communities at any moment. Forward-thinking officials are now prioritizing strategies that help them anticipate challenges before they become crises. By evaluating risks across financial, strategic and operational fronts, they’re building a clear road map to safeguard public services and strengthen community resilience.

This focus on proactive planning couldn’t be more timely. With global conflicts, inflation and severe weather events on the rise, agility and collaboration have become essential skills for government leaders. Practical steps—like regularly assessing infrastructure, developing robust continuity plans, and forming partnerships with neighboring states—are proving critical in disaster preparedness. Adapting quickly to changes in federal policies, such as evolving FEMA support, is also key. Ultimately, success hinges on integrating risk management into every aspect of strategic planning, ensuring communities remain secure and future-ready.

Key takeaways include:

  • Near-term risks center on geopolitical instability and economic pressures.
  • Climate change and natural disasters demand long-term attention.
  • Strong disaster preparedness and cybersecurity are vital for operational resilience.
  • Collaboration and adaptability are crucial for responding to policy shifts and environmental challenges.