public budgeting question
1. Utilizing the most recent budget downloaded (state of New Jersey The Governor’s FY2022 Budget Detailed Budget)
thoroughly evaluates the different sources of revenue, the tax policy, and the taxation measures proposed in the budget.
2. Utilizing the most recent budget (state of New Jersey The Governor’s FY2022 Budget Detailed Budget) formats as either line-item, performance budget, or both. If performance information is provided, identify a department in the budget and describe their performance targets and objectives.
3.Do you believe that changing budget formats has promoted efficiency in how governments budget? Why or why not? Use an example to elaborate.
This assignment is a continuation of a previous assignment written by another tutor. I will be attaching the document below. The attachment below will serve as a guide to help you answer the new questions. If you look in the work cited at the bottom there is a link to the New jersey fiscal budget and that is the same budget that will be used to continue this assignment. I also copied the link for easier access in thr chat box.
This assignment is a continuation of a previous assignment written by another tutor. I will be attaching the document below. The attachment below will serve as a guide to help you answer the new questions. If you look in the work cited at the bottom there is a link to the New jersey fiscal budget and that is the same budget that will be used.
This attachment is for the message i sent above. I forgot to attach it.
will be attaching the textbook below.
To answer question 1, please look through chapter 11 in the textbook for guidance and citation.
to answer questions 2 and 3 please look through chapter 10 in the textbook for guidance and citation.
if you have anyquestion please let me know.
Requirements: 600 words
Answer previewNew Jersey State Budget for FY 2022 explains different sources of revenue. According to Willoughby (2014), money assists a body of politics to perform its essential functions, and hence a regular and adequate supply of it is indispensable. New Jersey defines revenue as the money it receives from taxes, and fees, among other sources it explicitly identifies as state income for use to finance its expenditure. In addition to the undesignated fund balance for FY 2021($4 920 029 000), the appropriation of the total resources for FY 2022 is $29 463429 000(Murphy, 2022). These resources are classified into income tax 35 %( $16257 million), sales tax 25 %( $11780 million), fund balance 13 % ($4920 million), corporation business tax 8 %( $3731 million), other major taxes (10%), other revenues 8 % ($3844 million) and Casino revenue 1 % ($338 million).650 words
