2015 TENTATIVE BUDGET – Definition of a balanced budget

Budget 7

A balanced budget (particularly that of a government) refers to a budget in which revenues are equal to expenditures. Therefore, neither a budget deficit nor a budget surplus exists (“the accounts balance”). In other words, it refers to a budget that has no budget deficit, but could possibly have a budget surplus.

I’m all for a property tax cut but how do we offer residents a property tax cut when we have to use $4.875 million dollars out the fund balance to cover the 2015 budget deficit? 

 

Advertisements