Each state defines its own financial year and the process by which each state budgets its revenues and expenditures. State budget processes are relied on to allocated over 2.3 trillion dollars in state expenditures each year (Table 4.2.2: 2017). In total, almost 8,000 budget agency personnel are involved in the preparation and execution of state budgets.
For more than 75 years, the National Association of State Budget Officers (NASBO) has been the professional membership organization for state budget and finance officers. As the chief financial advisors to our nation’s governors, NASBO members are influential decision makers in state government. They guide their states in analysis of budget options and formulation of sound public policy.
Since the first edition of Budget Processes in the States was published in 1975, the report has become a significant reference for state budget officers and others interested in the organization and operation of state government. Table 1.4.2 provides a high-level summary of state budget processes, by providing comparative information on the budget calendar; budget agency functions; and the budget agency director and staff in each of the 50 States and D.C..
In the underlying report, Budget Processes in the States, NASBO compiles state-by-state comparative information on state budgeting practices, organized into six sections.
- Budget Timeline and Participants
- Requirements, Authorities and Limitations
- Budget Approach, Procedures and Tools
- The Budget Document
- Monitoring the Budget
- Performance Management and Spending Transparency