In this time of economic instability, citizens want real-time updates on the financial decisions and budget allocations made by their local and state government officials. Unfortunately, traditional line-item (“black box”) budgeting can not accommodate this request, which has resulted in diminished credibility among concerned citizens who question how their tax dollars are benefiting the community.
To combat the shortcomings of line-item budgeting and increase understanding of how strategic goals are translated into dollars, local and state governments are implementing a more transparent budgeting system: performance-based budgeting (PBB).
In this white paper, you will learn the ins and outs of this cutting edge practice in budget development and be able to answer the following fundamental questions:
What is performance-based budgeting (PBB)?
