state budget

A state budget is a detailed plan that outlines how a state will generate and spend money over a year. It includes projected income from taxes, fees, and other sources, and allocates funds to various areas such as healthcare, education, transportation, and public safety. The budget ensures that government services are funded and prioritized effectively. It’s developed through analysis, public input, and decision-making by elected officials, balancing revenue with expenses to maintain financial stability and address the needs of residents.