Advance your career by earning certification in municipal finance from the University of Chicago Harris School of Public Policy.

The next session of this program, which provides an understanding of urban economics and public finance, will take place in March 2018.


This Executive Education program, created by the Center for Municipal Finance at the University of Chicago Harris School of Public Policy, provides a thorough foundation in municipal finance.

  • Learn from leading academics  and practitioners about key concepts in municipal finance including revenue and expenditure analysis, economic base assessment, techniques and processes for budget review and market practices for structuring, rating, pricing and selling municipal bonds.

  • Explore how to effectively apply tools of financial analysis for strategic decisions.

  • Gain a broad  perspective on the interplay among finance, urban economics and public policy.

Upon completion of the program, participants will receive a certificate in municipal finance. 

Who Should Attend

This program is designed for new market participants as well as senior personnel who are not muncipal finance specialists. Appropriate job titles include but are not limited to:

  •      Bond analysts
  •      Bond lawyers
  •      Civil engineers
  •      Economic development consultants and officials
  •      Elected officials
  •      Finance and budgeting officials
  •      Government consultants
  •      Investment bankers
  •      Municipal advisors
  •      Public sector accountants
  •      Urban planners

What You'll Learn  

Urban Economics and Growth

• What underlies state and local government finances
• Defining the urban economy
• Sources of urban growth
• Competition amongst cities
• Real estate markets

Government Organization and Structure

• How governments are structured, as related to finances
• Intergovernmental relations
• Metropolitan governance and fragmentation

Public Finance Fundamentals

• Demand for public services
• Principles of taxation
• Property taxation
• Sales, excise and income taxation
• Business taxes
• Intergovernmental grants

Capital and Operating Budgets

• Components of the capital and operating budgets of state and local governments
• Budgetary process
• Major expenditure drivers: pensions and healthcare
• Multi-year capital budgeting
• Relationship of the budget to annual financial statements

Debt Financing

• Municipal bond market overview
• Types of bond financing
• Debt issuance process
• Credit analysis


The next session will take place in March 2018.

Exec Ed - Program Page

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