Published: October 15, 2020
This material contains general information; it should not be used as a substitute for legal advice. Any attorney general opinions cited in this material are available on request from the League’s Research and Information Service staff.
Learn the characteristics of city budgets as a work plan and communication tool. Understand the budget cycle and structures, sources of city revenue like taxes, franchise fees, enterprise funds, and service charges. Discusses debt service, typical expenditure categories, and planning for multiple-year expenditures, like infrastructure, with a separate capital improvement plan and budget. Become aware how Governmental Accounting and Standards (GASB) and Truth in Taxation impact budgeting.