CCM understands that the core function of local elected officials responsibilities are associated with municipal finance. Whether this involves general financial management of local government, revenue collection, debt management, or employee benefits, municipal finance is crucial for funding essential public services and infrastructure projects, such as schools, roads, and utilities. This Municipal Finance Essentials program is a series of research briefs on several vital components of municipal finance. These are intended to provide general information and guidance towards ensuring financial health of Connecticut municipalities.