municipal budget

A municipal budget is a financial plan that local government agencies create each year to manage their income and expenses. It outlines how they will collect funds—mainly through taxes, fees, and grants—and how they will spend them on services like schools, road maintenance, public safety, parks, and utilities. The goal is to allocate resources efficiently to meet community needs while maintaining fiscal responsibility. The budget is typically prepared, reviewed, and approved through a transparent process involving elected officials, ensuring residents’ tax dollars are used effectively for public benefits.