Public Spending and Revenues
2.2 هزار بار بازدید -
7 سال پیش
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Public budgeting, or the act
Public budgeting, or the act of deciding how to spend the community’s money, cannot occur without first identifying the revenue sources that can support it. Then, public officials must cultivate the willingness on the part of the citizenry to allow these sources to be used.
For state and local governments, the available revenue limits spending for tax-supported governmental services. This idea stands in contradiction to the popular notion that by adjusting complex formulas, governments can arbitrarily raise the level of taxation to meet ever-higher levels of program spending. State laws and regulations establish limits on any annual local government tax increases, and only through a vote of the people or their representatives can governments raise revenue above established levels.
Except for the federal government, most state and local governments in the United States cannot deficit spend. Like individuals, governments may borrow money, but they cannot do so without a payment schedule that ties the debt payment to the jurisdiction’s long-term stream of revenue.
General fund revenue is a reserve of money that may be used for any purpose authorized by law, and it often comes from a wide variety of sources that have nothing in common with the spending program. For example, a jurisdiction may collect various kinds of building and inspection fees that end up lumped into the general fund with property tax revenue. This pot of revenues is available to be redistributed to support a variety of government services.
Effective revenue and cost forecasts help to assure the structural solvency of the government organization.
For state and local governments, the available revenue limits spending for tax-supported governmental services. This idea stands in contradiction to the popular notion that by adjusting complex formulas, governments can arbitrarily raise the level of taxation to meet ever-higher levels of program spending. State laws and regulations establish limits on any annual local government tax increases, and only through a vote of the people or their representatives can governments raise revenue above established levels.
Except for the federal government, most state and local governments in the United States cannot deficit spend. Like individuals, governments may borrow money, but they cannot do so without a payment schedule that ties the debt payment to the jurisdiction’s long-term stream of revenue.
General fund revenue is a reserve of money that may be used for any purpose authorized by law, and it often comes from a wide variety of sources that have nothing in common with the spending program. For example, a jurisdiction may collect various kinds of building and inspection fees that end up lumped into the general fund with property tax revenue. This pot of revenues is available to be redistributed to support a variety of government services.
Effective revenue and cost forecasts help to assure the structural solvency of the government organization.
7 سال پیش
در تاریخ 1397/01/28 منتشر شده
است.
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