Question

Identify these elements of your state and local budget process:

a. Does your state have an annual or a biennial budget? Does it appear to have a separate budget for acquisition of capital assets (buildings, roads, bridges, etc)? South carolina

b. What units direct the preparation of the executive budget/ (Not all states have an executive budget.)

c. How many appropriation bills are usually passed?

d. How much object-of-expenditure detail appears in these bills?

e. What item-veto power, if any, does the governor have? Can the governor change the amounts in appropriations bills or is the veto limited to total amounts?

f. Is the budget process described on a state website? Does the website have the budget instruction issued to state agencies?

g. Is the state budget easily accessible on the state website?

h. Does the website provide information on the agency requests, in additions to the executive proposal and adopted appropriations? The National Association of State Budget Officers provides much of this information in its publication Budget Process in the States, which may be accessed at its website [http://www.nasbo.org].

Answer 1

1. Biennial budgeting – It has generally separate budgets for two fiscal years at once. It is practiced in South Carolin
2. The submission of the budget is requested by the budget division to the state agencies. After the submission of the budgets, the budget director goes through the past budgets and meets the heads of the state agencies. The agencies estimate their needs and the budget director gives guidelines based on revenue criterions. The budget division and state agencies acts upon the forecast of the state General Fund Revenue. All the budgets are determined and approved by the Governor. It becomes a public document which gets its final approval during the address of the governor and legislative review.

1. A budget request is submitted to the congress by the President.
2. Budget resolutions are then passed by the senate and the house.
3. Appropriation bills are looked after by the appropriation subcommittees.
4. Differences are made up and voted are done for the bills.
5. After this the bills are signed by the president which becomes law in turn.   

3. Appropriation bills – this bills differentiates the money among the different sections of the agencies of the government. There are basically 3 types of appropriation bills: supplemental appropriation bills, regular appropriation bills and continuing resolutions.   There are 12 different appropriation subcommittees which includes food, agriculture, rural development, defense, commerce, science, education, transportation, water, energy, housing, urban developments et
4. The ‘mandatory spending’ and the ‘discretionary spending’ appears on these bills. The mandatory spending refers to the funds which are allocated by the government in which the cost of treasury is not regarde The discretionary spending is related to the expenses of the colleges and universities.
5. If an appropriation bill is failed to pass by the congress then the President can use his veto power to pass it which results in the shutdown of the government.
6. The budget process is described on the state website which makes it easy for the people to go through it and know about the budget decisions of the government.
7. The state budget is easily accessible through the state website. The central financial agencies oversee the preparations of the budget which is made by the president.
8. The Office of Management and Budget, the Department of The Treasury, the Congressional Budget Office and the Government Accountability Office are the central agencies that provides information about the bills.