Did you know that there are only 7 states in the Union that require that their state's budget be balanced at the end of each fiscal year? In 1996 there were 32 states that operated under such a law. It seems as though there has been a growing trend leading away from economic common sense.
My state's law stipulates that each department will be allocated funds IF the funds are available. What a great philosophy!
Kudos to the fiscally responsible!
Tags: balanced, budget, fiscal, responsibililty
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