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View Diary: Library need your support. :-) (75 comments)

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  •  Well, basically you start off with last year's (1+ / 0-)
    Recommended by:
    George3

    actual expenditures and load all that in, which puts you into mid September.  Then you start loading your assumptions for how the current year budget will spend (based on 3 months worth of data and a good instinct for spending) THEN take all of the various requests for money and what you know about what is going on and put together next years request.  THEN the administration does a lot of sausage making and resulting in the Governor's proposal.

    Things that are unknown that early are submitted as what is called "Finance Letters" in March.  They are not included in the Governor's budget, but go straight to the Legislature with the blessing of the Department of Finance, so there is a mechanism for dealing with unknowns.

    "I watch Fox News for my comedy, and Comedy Central for my news." - Facebook Group

    by Sychotic1 on Sat Nov 17, 2012 at 04:43:53 PM PST

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    •  Thanks for your inside info. I'm sorry (0+ / 0-)

      the rec button has disappeared!

      "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

      by bryduck on Mon Nov 19, 2012 at 09:37:07 AM PST

      [ Parent ]

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