Financing Green Projects: Local Government Approaches and Benefits for Residents

The article analyses the engagement of the Košice-Dargovských hrdinov city district in implementing “green” projects and proposes solutions for sustainable urban development at the local level. Theoretical frameworks of public finance and green economy are outlined as a basis for examining how public institutions can support environmentally beneficial projects. The current state of the city district is evaluated, including its financial resources and existing green initiatives, with a SWOT analysis identifying strengths, weaknesses, opportunities, and threats. The results highlight the need for external funding and community involvement to overcome budget constraints. Several proposals are discussed – from establishing partnerships and nonprofit organisations to specific green projects (rain gardens, park revitalisation, green infrastructure) – that could significantly mitigate adverse climate impacts and improve residents' quality of life. These recommendations, while economically feasible and ecologically beneficial, would contribute to the development of the district and serve as an inspiration for other municipalities.