LELA 201: Capital Budgeting & Infrastructure for Elected Officials

    This course has been cancelled due to the increased number of COVID-19 cases and the logistical complications this has created.


    One of your most important responsibilities as an elected leader is to provide for the future capital needs of your communities. Public investments for schools, water and sewer infrastructure, public safety centers and other needs are costly and complex. This program explores the various models of debt financing, and the values of collaboration, strategic planning, and consensus-building in addressing such long-term needs.

    Our instructors will be joined by representatives of Standard and Poor Global Ratings, Moody’s Investments, and Fitch Ratings who will each discuss their roles and the factors they consider in evaluating NC local governments’ credit and debt capacity.  In the years since the 2008 recession, these agencies have changed their financial assessment strategies, so it is important for elected officials and staff to understand the factors that affect your bond ratings.      

    Questions answered include:

    • What exactly does each bond rating agency look for?
    • How do they evaluate your creditworthiness?
    • Does geography matter?
    • How does climate change factor into their decisions?


    In this unique workshop, you will learn best practices for financing local government capital investments, explore the legal framework for a capital budget, and discuss various strategies for prioritizing long-term capital needs.

    The course is taught by Renee Paschal, retired Chatham County Manager, and Bryan Thompson, Assistant Chatham County Manager. The class includes site visits to three public facilities jointly financed by Chatham County and Siler City through long-term debt collaborations.



    The North Carolina Association of County Commissioners provides cost offsets for county elected officials to attend LELA courses. For information on this discount please click the link below.

    Local Government Federal Credit Union offers scholarships to local government employees to apply toward tuition for conferences, classes, and seminars offered by the School of Government. There are four deadlines to submit applications:

    • March 1 (for courses starting between April 1 and June 30)
    • June 1 (for courses starting between July 1 and September 30)
    • September 1 (for courses starting between October 1 and December 31)
    • December 1 (for courses starting between January 1 and March 31)

    Visit the LGFCU website for more information and to submit an application.

    There currently are no scheduled offerings of this course.
    For all registration questions, resetting passwords, or login issues please contact:

    Dale Zuckert

    Assistant Registrar
    For questions regarding course details, including location, schedule, materials, and continuing education credits, please contact:

    Susan Jensen

    Program Manager, Management and Leadership Group
    Manager of Elected Official Programming, Center for Public Leadership and Governance