State Budget Policies

State budget policies refer to how a state government plans to allocate its financial resources each year. This involves deciding how much money to spend on public services like education, healthcare, infrastructure, and welfare, as well as how to raise revenue through taxes and other sources. Policies aim to balance funding priorities, ensure fiscal responsibility, and support economic stability and growth. Effective budgeting requires careful planning to meet current needs while maintaining long-term financial health of the state.