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Fiscal Outlook and Impacts on Budgeting

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This article in Governing looks at fiscal outlook for state and local governments. Elected officials have to review this type of information so they can properly plan for the future.

http://www.governing.com/blogs/by-the-numbers/gao-states-local-governments-fiscal-outlook-report.html

How would this information impact your budgeting decisions?

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Solution Summary

This solution explains how the fiscal outlook impacts budgeting decisions.

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We would use this information to determine our budgeting techniques that relate to economic growth and inflation. If the information presented indicated that we will be facing a time (or are facing a time) where expansion in the economy is certain, we would use the information to our advantage. We would plan on taking initiatives that would expand our company. We would also ...

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