The Transylvania Times -

Budgeting Backwards

 

Last updated 2/17/2021 at 3:29pm



The budgeting process in North Carolina is backwards.

At present, the local school system, city government and county government are drafting their budgets for the next fiscal year, which begins July 1. They are gathering information as to their operational and capital needs, estimating how much it should cost to meet those needs, and the amount, as well as the sources, of revenue to pay those costs.

These entities also receive substantial revenue from the state. This is especially true for the local school system. The vast majority of teachers, administrators and others in the school sy...



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