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Home > Academics > Non-Degree Programs > Credential Programs > Municipal Finance

Fundamentals of Municipal Finance Credential

  • Overview
  • Curriculum & Faculty
  • Schedule & Format
  • Admissions & Fees

Urban planning, property taxes, and infrastructure: learn the latest approaches to public finance.

Program Overview

This program is created by Harris Public Policy's Center for Municipal Finance in partnership with the Lincoln Institute of Land Policy. The program is led by Professor Justin Marlowe,  Director of the Center for Municipal Finance at Harris Public Policy; Luis Quintanilla, Program Analyst, Lincoln Institute; and Ge Vue, Director of Learning Design, Lincoln Institute.

This four-day professional credential program provides a thorough foundation in municipal finance with a focus on urban planning and economic development in the United States. 

The program includes modules on the following topics:

  • Urban Economics and Growth

  • Intergovernmental Fiscal Frameworks, Revenues, Budgeting

  • Capital Budgeting and Infrastructure Maintenance

  • Debt/Municipal Securities 

  • Land Value Capture

  • Financial Analysis for Land Use and Development Decision Making

  • Public-Private Partnerships 

  • Environmental, Social, and Governance (ESG) in Municipal Finance

For planners maintaining their AICP credentials, this course provides Certification Maintenance (CM) credits from the APA.

Note: While the University appreciates international perspectives in all of our courses, this program is currently limited to municipal finance topics within the United States and does not include any content within an international context.


 

Fundamentals of Municipal Finance Credential

2025 Sample Syllabus

Download the Syllabus

 

Gain the Skills You Need

Public finance faces a period of heightened scrutiny, which presents opportunities as well as challenges. As communities continue to struggle with effects of the pandemic while facing an array of urgent needs, from affordable housing to infrastructure investment, it is essential that they make equity, efficiency, and sustainability central to their decisions regarding revenue and expenditures.

Even before COVID-19, events in communities like Detroit, Stockton, Flint, and Puerto Rico highlight the severe challenges related to fiscal systems that support public services and the continued stress they face given the shrinking revenue streams facing many local governments.

While there has been a recent increase in federal funds flowing to local governments to help them provide the services and infrastructure residents demand, this funding source is not unlimited and will soon go back to pre-pandemic levels. Communities not only need to build the capacity to spend this influx of money equitably, but they need to be prepared to adequately and fairly raise revenues when federal funding diminishes.

Whether you want to better understand public-private partnerships, debt and municipal securities, or leading land-based finance strategies to finance infrastructure projects, this program will give you the skills and insights you need as you advance your career in local government or community development.

The Application Form for the 2025 Cohort is Closed

Application Form Closed

Curriculum & Faculty

 

Who Will Benefit

This course is for professionals with limited or no knowledge of how public finance works in the United States. The goal of this course is not to teach you to be a finance expert, but rather, to help you understand the field of municipal finance so that you can make better informed decisions in your current or future careers. Those with the following experience will be given preference for admission:

  • New to senior-level urban planners who work in both the private and public sectors, as well as individuals in the land development industry at large.

  • Job titles including:

    • Urban Planners 

    • Community and Economic Development Staff

    • Policy Analyst

 

Program Faculty

JMarloweheadshot_website

Justin Marlowe

Director of the Center for Municipal Finance and Research Professor

Justin Marlowe is a Research Professor in the University of Chicago Harris School of Public Policy, where he also serves as Director of the Center for Municipal Finance. His research and teaching are focused on public finance, with emphasis on public capital markets, infrastructure finance, state and local budgeting, and financial disclosure. He also serves as Editor-in-Chief of the Municipal Finance Journal, and he co-hosts the Public Money Pod, a podcast produced by the Center for Municipal Finance.

Watch Justin Marlowe's mini-class on ESG and the Future of Municipal Finance (56-minutes).
chris berry

Christopher Berry

William J. and Alicia Townsend Friedman Professor; Director, Mansueto Institute for Urban Innovation

Christopher R. Berry is the William J. and Alicia Townsend Friedman Professor at the Harris School of Public Policy and the College and director the Mansueto Institute for Urban Innovation, at the University of Chicago. Berry is the author of Imperfect Union: Representation and Taxation in Multilevel Governments (Cambridge UP, 2010), winner of the Best Book Award in Urban Politics from the American Political Science Association, and many other scholarly publications.

Paula Worthington HS

Paula Worthington

Harris Public Policy Senior Lecturer

Paula R. Worthington is a Senior Lecturer at the Harris School of Public Policy at the University of Chicago, where she also serves as academic director of the School’s Policy Labs program and faculty lead on its MPP program. At Harris, Worthington teaches courses in state and local government and cost-benefit analysis and advises students completing applied projects for public and nonprofit sector clients. 

john_anderson

John E. Anderson

Baird Family Professor of Economics, University of Nebraska

John Anderson is an academic economist and an adviser to public policy makers in the fields of public finance, fiscal reform, and tax policy. Dr. Anderson has served as a Senior Economist with the President’s Council of Economic Advisers in Washington, DC.

Untitled design (2)-3

Lourdes Germán

Executive Director, The Public Finance Initiative

Lourdes Germán, J.D., led investment banking efforts in the Northeast and New York Tri-State region as Vice President of Municipal Finance at Fidelity Investments. She then served as Vice President and General Counsel at Breckinridge Capital Advisors, founded a small financial services start-up, and then served as a Director at the Lincoln Institute of Land Policy where she helped launch and lead a global program of work on municipal fiscal health, which included activities in partnership with the United Nations, the Organization for Economic Cooperation & Development, and engagement with members of congress via the first Congressional Briefing focused on the fiscal health of cities. 

minjee-kim

Minjee Kim

Assistant Professor of Urban Planning, UCLA

Minjee Kim is an Assistant Professor in the Urban Planning department at the UCLA Luskin School of Public Affairs. Her research is situated at the intersection of real estate development and urban planning. She writes about land use regulation, large-scale real estate developments, exactions, negotiated developments, and urban public finance. Her goal as a planning scholar is to identify the ways in which planners and policymakers can foster equitable real estate developments.

Laura N. Brunner

Laura N. Brunner

President & CEO, the Port of Greater Cincinnati Development Authority

Laura Brunner is President and Chief Executive Officer of The Port of Greater Cincinnati Development Authority (The Port), an economic development agency based in Cincinnati, Ohio. For more than a decade, Laura has led The Port with her impassioned efforts to fix broken real estate in order to reduce wealth disparities, increase homeownership and grow manufacturing jobs. 

Amy Demetrowitz

Amy Demetrowitz

Chief Operating Officer, Champlain Housing Trust

Amy is Champlain Housing Trust's Chief Operating Officer and has worked at there since 1994. She previously led development projects from inception through permitting, funding and construction often in partnership with our co-developers, Evernorth (formerly Housing Vermont). Amy is responsible for all operations, overseeing the Property Management, Real Estate Development, Homeownership and Lending, and Cooperative Housing departments. Amy started at BCLT on North Street single-handedly serving our homeownership customers and remains a resource to the Homeownership staff. Amy is a non-profit representative on the Evernorth Board.

Semida Munteanu

Semida Munteanu

Associate Director of Valuation and Land Markets, Lincoln Institute of Land Policy

Semida Munteanu is an associate director at the Lincoln Institute of Land Policy, doing programmatic work on land markets, valuation, and property taxation. She has extensive experience developing and managing educational programs that bring together academics, policymakers, and public officials. Her research interests include the relationship between property taxation and school finance, and the effects of land use regulation and property tax policy on housing markets.

Schedule & Format

 

Program Dates

The 2025 Fundamentals of Municipal Finance Credential will take place on May 12-15, 2025..  

Virtual Format

The lectures are 100% virtual with synchronous, interactive sessions conducted via Zoom. You can expect active engagement with faculty and peers each session. The virtual program allows you to engage with the class from anywhere with a stable internet connection. 

Admissions & Fees

The Admission Committee reviews applications on a rolling basis in the first week of every month starting in November 2024 until the cohort is full. Admitted applicants receive an email confirmation with payment details and next-step actions. 

The table below outlines the program cost structure, with fees based on application timing and employee type (non-profit/public sector vs. private sector). Applications submitted by January 1, 2025, qualify for a $500 discount, with fees of $1,500 or $2,000. Those submitted by February 12, 2025, receive a $300 discount, with fees of $1,700 or $2,200. Applications submitted after February 11 until the cohort is full are priced at $2,000 or $2,500.

Program Fee 

Application Submission Timing Public and Non-Profit Sector Employees Program Fee Private Sector Employee Program Fee
November 7, 2024 - December 31, 2024 $1,500 $2,000
January 1, 2025 - February 11, 2025 $1,700 $2,200
February 12, 2025 - May 2025 $2,000 $2,500

 

*$500 per person discount for organizations with 3 or more attendees. Please contact Meghan Kerby at mpoljak@uchicago.edu for more details. 

 

Deposit & Payment

Admitted participants must submit a non-refundable $1,000 USD enrollment deposit to confirm their seat in the program within two weeks after admission. The deposit deadline is listed in the admission letter. The enrollment deposit is applied to the total program fee. Participants who fail to submit the deposit by the deadline listed in their admission letter will be viewed as voluntarily giving up their seat to attend the program.

The remaining balance is due one month before the program begins. Admitted participants will receive details on the payment process.

Questions? Connect with our staff.

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