Posts Tagged ‘amending budget ordinance; unexpected revenue changes; state impact on local budget’

Local Government Budgeting Options when Revenue Streams are Uncertain

Saturday, June 15th, 2013

Each local government and public authority is required to adopt an annual budget ordinance that recognizes estimated revenues, authorizes expenditures, and levies tax(es) for the forthcoming fiscal year. The Local Government Budget and Fiscal Control Act (LGBFCA), G.S. Ch. 159, Art. 3, requires, among other things, that the budget ordinance be balanced. A budget ordinance […]