In addition, states have been operating at an "anti-tax" environment, in which proposals to increase taxes to balance the budget have been met with public and political opposition. (Cauchon, 2003)
The issues of the budget crisis and fiscal stress has hit very close to home for all Ohio counties, townships, and municipalities... displayed 300 characters
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On February 10, 2005 Gov. Bob Taft announced that there would be significant cuts in the state's Local Government Fund. The Local Government Fund was first established in 1934 when the first sales tax was enacted to support local government activities. Since its inception counties, townships, and municipalities rely on the Local Government Fund to provide funding for many local government services... displayed next 300 characters
This involved creating a plan whereby the budget would automatically be cut until there was no longer a deficit. Each year between 86 and 91 the deficit could not exceed a specified declining amount...
The baby-boomer issue is not the only problem facing the future of the budget regarding Social Security. A decrease in the number of Social Security paying workers will undoubtedly make for a lacking in the total amount of Social Security taxes collected each year to be distributed in services...
If some departments are over budget and the sales volume is low then they will need to cut their budget. In the budget process communication between the departments is necessary for effective budget planning...
"Budgetary decision making has to account not just for budgetary actors but also for budget process and the environment. This more top-down and systematic perspective on budgeting is called macrobudgeting...
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