Question

Describe the seven steps a state budget must go through in order to go into effect.

Answer 1

Answer:

The answer is below

Explanation:

Step 1. Submission of budget requests by state agencies to the Office of Planning and Budget according to the necessary guidelines set by the Governor.

Step 2. Revenue estimate to determine the amount available for spending

Step 3. The state agencies' requests are analyzed, and Governor is given recommendations by the Office of Planning and Budget analysts.

Step 4. The Governor's budget report is sent to the General Assembly for legislature review at both Senate and assembly House.

Step 5. The Governor approve or sign the Budget agreed upon by the General Assembly of the state to become law

Step 6. Office of Planning and Budget carries out monitoring activities, such as reviewing and authorizing annual operating budgets, to ensure each state agency does not exceed budgets.

Step 7. State Auditor carries out auditing of each state agency at the end of each fiscal year.