Budge and Financing Essay Example | Topics and Well Written Essays - 750 words

Budge and Financing - Essay Example mains that by giving up control of the city’s water and sewer network to such an entity, a level of community sovereignty is given away for an indeterminate amount of time. Furthermore, the complexities of contract length and term also further complicate the issue. Additionally, the citizens are likely to question our overall commitment to this community if we are willing to sell our infrastructure to a foreign owned provider. Furthermore, the loss in shareholder trust will likely have a profound effect on the coming election and may even lead to certain elements within the community calling for the dismissal of the city manager. In this way, I believe the needs of the community can be better served by seeking domestic solutions to the price constraints and needs that our current budget grapples with. The main differences between visions of the budget process between chief executives, operating agencies, and legislatures can be described as a function of what each entity desires to obtain from the process. Starting with the operating agencies, the main concern is to ensure that the operating expenses for the coming fiscal year are met. Additionally, any pertinent policy needs/changes and/or expansions must also be raised. Similarly, the legislature has a vested interest in the process as they are trying to appease special interests that exist within their constituents as well as within certain operating agencies with which their particular political stance or platform has forged a special commitment to support (Kostyaev 5). Likewise, other entities within the legislature will be most concerned with denying funding in the most substantial way to reduce the overall budget to appease their own party/platform or constituents (Hale 368). Lastly, the chief executive is responsible for approving the budget, making any necessary amendments or suggestions and finally signing the budget into law. Most of the action with regards to this process occurs from