How AI could help localities manage finances

Two forthcoming papers study how a minimal cost program could assist government.
The ChatGPT app is displayed on an iPhone in New York, May 18, 2023.(AP Photo/Richard Drew, File)

DENVER — Artificial intelligence tools such as ChatGPT could help local leaders analyze government finances and forecast revenue, according to two forthcoming academic papers presented this week here at a conference for public finance researchers and practitioners.

Speaking with Pluribus News ahead of their respective presentations at the Association for Budgeting and Financial Management conference, authors of the papers said humans are still necessary to complete analyses and forecasts.

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