![]() ![]() Plus, local governments fund these programs and services with the property taxes and sales taxes they collect from residents. Counties and municipalities must determine how to fund basic needs alongside programs and projects that enable communities to thrive, including public parks and libraries. Without governments investing in these needs, individuals wouldn’t have access to essential resources.īut competing demands and limited resources make budget allocation a major challenge for local governments. Many of these services are vital to a functioning society, such as solid waste pick-up and wastewater management. As such, they must create a government budgeting strategy to fund critical programs and services. Local governments exist to serve the residents that make up their community. Why a Modern Government Budget Strategy is Critical to Your Municipal or County Success Follow along for ten tips to ensure you create a budget that meets the needs of your residents. But how can you ensure this happens while developing the most efficient and effective budget possible? You’re about to find out.Ĭome to understand why having a comprehensive local government budget plan is critical to the success of your community as a whole. Local governments must get their budgets right to ensure all departments have sufficient funding to offer critical services to residents. Because local governments cannot spend more than they’ve budgeted each year, preparing a budget is one of their most critical jobs. Unlike the Federal Government, which can and does run a large budget deficit, most local governments are legally required to prepare a balanced budget.
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