Public Budgeting

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.

https://www.nj.gov/treasury/omb/publications/22bud

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.

https://www.nj.gov/treasury/omb/publications/22bud

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 preview

. The line item or the objective of the expenditure spells out the limit for each budget object by an agency broken down into programs. On the other hand, the use of the program format specifies the service performance and results and promotes a greater level of accountability (Willoughby, 2014). For instance, the appropriation for various programs in child protection and permanency in New Jersey State is based on past performance. For emergency services the actual expenditure in 2019 was $4050541, $3,802,752 in 2020 and $2,672,868 in 2021. The estimated amount for FY 2022 is $2,692,587, which is based on the identified needs. Since a budget format specifies the information to be included, and hence it influences the level of control in the defined operations.

[650 Words]

Public Budgeting
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