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Methods for Estimating a State's Budget

Please provide any references used.

1. Review the budget from the State of Georgia. Explain in detail the appropriate method needed to estimate the state's budget for the next two years and the advantages of this method over other alternatives available.

Alford, D.D. & Deal, N. (2012). Office of Planning and Budget. State of Georgia. The Governor's Budget Report: Fiscal Year 2013. Retrieved from
Mikesell, J. L. (2010). Fiscal administration: Analysis and applications for the public sector (8th ed.: 2010 custom edition). Mason, OH: Cengage Learning.

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The budgeting and planning approach should move away from the traditional incremental approach. It would need a more transparent link between money spent and money allocated which would be based on historic performance. Thus, budget sets would be closer to performance targets. As of now there is no periodic monitoring of performance. This is done during the end of the year when targets for the next cycle have to be set. Monitoring performance on a monthly basis would ensure that departmental budgets are more realistic and more closely managed. This would even out the need for ...

Solution Summary

The methods for estimating a state's budget are determined in the solution.