Committee of Experts on Finance and
Public Services at Local and Regional Level (LR-FL)
Composed of governmental experts from Council of Europe member states, the Committee was set up to look at how to improve matters of local and regional authority finance. At the end of last century, one of its principal topics was the management and funding of urban public transport, considered by many to have more of a direct effect on the public well-being than any other urban planning issue.
More recently it has drawn up two major recommendations on both
revenue raising and managing budgets at local level. A third one on
local public services is currently under consideration. To be read in
conjunction with a number of reports on local finance, the two
recommendations show, amongst other things, how authorities should set
benchmarks for evaluating past performance, how they may raise their own
revenues, how they should deal with risk management, as well as
emphasises to governments the importance of ensuring that authorities
have adequate resources for carrying out the tasks expected of them.