Paper Title
THE DILEMMA OF SAUDI MUNICIPAL FINANCE AND SUSTAINABLE URBAN ENVIRONMENTS

Abstract
The future of Saudi municipal finance is set to evolve significantly as the Kingdom progresses with its Vision 2030 objectives, which emphasize economic diversification and reduced dependency on oil revenues. Municipalities are likely to gain greater financial autonomy through the diversification of revenue sources, including local taxes, public-private partnerships, and real estate development. Fiscal decentralization, digital transformation, and smart city initiatives will play key roles in enhancing financial management and service delivery. Additionally, the integration of sustainability through green finance and the issuance of municipal bonds is expected to grow. To support these changes, capacity building, legislative reforms, and community engagement will be critical in ensuring effective and transparent municipal financial management.This research paper explores the evolving landscape of Saudi municipal finance, focusing on innovative funding mechanisms, the integration of sustainability into fiscal policies, and the increasing reliance on digital platforms for revenue generation and transparency. By leveraging technology and fostering collaboration across sectors, the future of Saudi municipal finance will be defined by its ability to create equitable, sustainable, and financially sound urban environments. Keywords - Municipal Finance, Revenue Sources, Funding Mechanisms, Sustainability, Urban Environments, Urban Development, Saudi Arabia.