Budget - Week 3

What is an expenditure?

• The budget

• Income - money coming in

• Money spent - money going out

• One of the three main routes to state policy

What is revenue?

• The budget

• Income - money coming in

• Money spent - money going out

• One of the three main routes to state policy change

What event KICKS OFF the Michigan budget cycle?

• Revenue

• The Governor signs the final budget

• House/senate subcommittees meet to iron out the differences passed by their respective chambers

• The Governor releases her budget recommendations

The budget process requires compromise and tradeoffs

• True

• False

What event CONCLUDES the budget cycle?

• The Governor signs the final budget bill

• Revenue

• The house and senate release their budget recommendations

• The signing of the US Constitution

The Governor has LINE ITEM VETO power with budget bill

• True

• False

Budget advocacy is _______

• VERY IMPORTANT

• Meeting with decision makers to tell them what is important to you

• Influencing how our government should spend money

• All of the above