The distribution of political influence changes in times of fiscal austerity. Decision makers generally find themselves with more influence when the economy gets tighter, probably because more tough decisions must be made. In line with expectations based on the asymmetrical distribution of interests between budget guardians and advocates, however, some evidence can be found that the relative political influence shifts in the direction of the guardians when austerity becomes severe. These findings are based on a dataset consisting of a repeated cross‐sectional survey of the perception of political influence among local councillors in Denmark, combined with register data on austerity in the Danish municipalities. By moving the analytical level down to the subnational level, a contribution to the discussion on how austerity affects political influence can be made. Thus, it is not merely a practical saying that crisis opens for new political opportunities; it is now also a research agenda to investigate how this unfolds in different institutional settings.