While every state and local government will eventually develop and adopt a budget, the process to arrive at that final plan can differ substantially. Over time, several common approaches to budgeting have emerged. This session will explain the difference between common approaches including incremental budgeting, zero-base budgeting, target-base budgeting, performance-base budgeting, priority-base budgeting, budgeting for outcomes, and more. Practitioners with experience using each method will discuss advantages, disadvantages, cautionary tales, and overall preferences.
All Roads Lead to Rome: Choosing the Best Method for Preparing Your Budget
Wednesday, May 22, 2019 - 8:30am to 10:10am
Field of Study: