Financial Management White Papers
Budget Processes in the States
Overview It is within the budget process that spending policies for public programs are articulated and debated between the governor, the legislature, and state agencies. This paper outlines how the budget cycle unfolds and the role of its major participants. States generally have two different types of budgets: operating budgets and capital budgets. The operating budget is the budget established for operation of a state agency or program. The capital budget is the budget associated with acquisition or construction of major capital items, including land, buildings, structures, and equipment. Funds for these projects are usually appropriated from surpluses, earmarked revenues, or from bond sales.
| Publisher | National Association of State Budget Officers | File Format | |
|---|---|---|---|
| Date Published | January 2002 | ||
| Format | White Papers | ||
| Topics | |||
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