Submitted by rgordon on Thu, 11/12/2020 - 09:47
There may be cases in which best practices can apply from city to city and state to state. Best budgeting practices, for example – such as those developed by the Government Finance Officers Association – can certainly be useful. It’s a universally accepted best practice in budgeting, for example, that entities should cover current year expenditures with current year revenues -- not revenues borrowed from the future.
Who can argue with that?