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Government

Monday, 31 May 2010

Governmental Budgeting in a Recession

Written by Stephen W. Blann, CPA, CGFM, CGMA

BWD Magazine, Spring 2010 As our state and national economies continue to suffer, organizations of every size and type are faced with the necessity to "do more with less." This is particularly true for governmental entities. Operating on revenue streams that are dependent on the prime economic indicators of personal/business income and property values, governments are often in the unenviable position of needing to provide increasing levels of critical public services on an ever diminishing budget. What’s more, the public often doesn't understand the complexities of the governmental budgeting process, which causes frustration for citizens and elected officials alike...

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