State Budgeting

State budgeting is the process by which a government plans its finances for a specific period, typically a year. It involves estimating revenues (like taxes and grants) and deciding on expenditures (like education, healthcare, and infrastructure). The budget reflects the government's priorities and aims to allocate resources efficiently while ensuring that spending does not exceed income. It requires balancing various needs and often involves input from lawmakers, agencies, and the public. Ultimately, a state budget serves as a financial roadmap guiding how public funds will be used to meet the community's needs and goals.