With limited resources to spend, the municipalities in North Rhine-Westphalia are facing enormous challenges for the future. The investive transformation of NRW's municipalities is the focus of the annual survey, conducted by FiFo Köln with the support of NRW.BANK. Following the presentation of the project at the 17th Finanzmarktforum 2023, the six-week field phase survey of the cities, towns and districts in North Rhine-Westphalia is starting now. The main topics will be investment plans and investment backlogs as well as the challenges posed by climate change and digitalization.