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provide an assessment of the major requirements of the municipal budget and reporting regulations
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- evaluate the importance of spending reviews in the municipal budgeting processWhat is the relationship between budget deficit and debt ratio to Gross Domestic Product (GDP)Discuss the public budget decision making process from the preparation phase and its products to final adoption. (1) What information is contained in the budget? (2) What are the respective roles of line agencies, the central budget office, the chief executive and the legislative body?
- Define government budget in not more than 3 linesHow does the typical state budget process work, and what are the various actors involved in that process? What are the main characteristics of a sustainable budget? What are the main sources of revenues for states and local governments? Is it possible to balance the demands for government services with existing revenue sources? What have been the various approaches advocated to reform budgeting processes at the state and local levels? What are the five key areas of future state and local budget needs? Which one do you think is the most critical and why? Explain. assignment #10 be sure to cite your source(s) using APA StyleReview/main features of current federal budget
- What are the implications of a municipality overspending their allocated budgetIdentify three budgetary solutions you can share with the POTUS on reducing the budget deficits in Americaprovide a critical discussion of how the zero based budgeting approach can be a strategic budget reform that could improve municipal finances
- Effects of a government budget deficitWhich of the following is a significant revenue source for state and local governments, but not the federal government in the United States? a-payroll taxes b-income taxes c-corporate taxes d-property taxesIdentify what is being asked 1. It refers to the revenue and expenditure measures of the public budget 2. It intends to use large portion of the national resources for social services