After rapid urbanization for more than 2 decades，the national urbanization ratio has enhanced significantly. According to the data of 2012，the urbanization ratio had been more than 50%. However，during the urbanization appeared many problems，especially the outstanding government debt，which could be the biggest burden in the way of urbanization and the most unstable factor to economic development. Now the whole society pays close attend to it. This article puts forward the required main characters in the phase of future new urbanization in the basis of the analysis and summary of local governments financing framework traits in the past，and also combines the innovation path put forward by Third Plenary Session of the 18th CPC Central Committee and the general thought of New Urbanization Development Planning，therefore sums up the remaining problems in the past，and then raises several main changes in urban financing development.