Budgets by state. Union street suite 237. Requirements that states balance their budgets are often said to be a major difference between state and federal budgeting. Weak revenue performance helped drive cumulative state budget gaps in fy 2009 above 117 billion.
By now just about everyone in the country is aware of the federal deficit problem but you should know that there is another financial crisis looming involving state and local governments. Montgomery al 36104 334 242 7230. Americas school systems are funded by the 50 states.
State of alabama dept. To view a budget you must select the county andor the budget type. State officials certainly take an obligation to balance the budget seriously and in the debate over a federal balanced budget in the early and mid 1990s much of the.
The budget of a government is a summary or plan of the intended revenues and expenditures of that government. Statewide summary and agency detail reports project maps by county and district. Extreme fiscal conditionsnegative or positivecan increase the likelihood of late budgets.
The operating or current budget the capital or investment budget and the cash or cash flow budget. The local government services division of the state auditors office is charged with the responsibility of approving property tax levy rates the review and approval of general operating budgets budget revisions for county commissions municipalities and providing training and technical assistance to local governments in the state.