Wednesday, June 6, 2007
Legislature – Question 3
Question for Warren K, Randy L, and Sarah L. Describe the budget cycle, the fiscal year and how the legislature shares some of its budgetary powers in South Carolina
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4 comments:
The budget cycle is made up of several phases. Planning and preparation are first and are usually done at the agency level under the direction of the governor. Other phases are submission, approval, execution, and evaluation. The budget cycle is centered around the fiscal year which is decided on by the legislative body and is typically different from the calendar year. South Carolina’s fiscal year is July 1st through June 30th of the next year. In South Carolina, the legislature developed a Budget and Control Board to monitor the preparation and execution of the budget. The board is made up of the Governor, Comptroller General, State Treasurer, Chairman of the House Ways and Means Committee, and the Chairman of the Senate Finance Committee. The board essentially weakens the governor’s power and keeps legislative dominance. The legislature does not have to accept the budget proposed by the governor and usually changes it. The board also has the power to demand reductions in spending throughout the fiscal year to avoid a deficit.
-Sarah Luckey
There are several phases that the budget cycle goes through. It first starts off with planning and preparation and then goes through some more phases such as submission, approval, execution, and then finishes up with evaluation. The budget cycle is oriented around the fiscal year which in South Carolina is July 1st through June 30th of the following year. South Carolina legislature thought to develop a Budget and Control Board so it could oversee the preparation of the budget and its execution. The board is composed of 5 people who are: the Governor, Comptroller General, State Treasurer, Chairman of the House Ways and Means Committee, and the Chairman of the Senate Finance Committee. The whole idea of having the budget and control board is to weaken the governor’s authority and maintain a tradition of legislative dominance over state government.
Randy Lucas
Great job by both Sarah and Randy! I can do little to improve their answers, so I will just encourage all of you to read them! The BCB does what governors in other states do by themselves. On it the governor only has one vote while the legislature has two! Nuff said!
Before submission and can be approved, executed it must go through several phases. These phases consist of planning, preparation in which are under the supervision of the governor. The fiscal year determines the budget cycle and is decided on by the legislature. In South Carolina the legislature created s control board and a budget board to monitor the preparation of the budget. The board is made up of the Governor Comptroller general, State Treasure, Chairman of the Senate Finance Committee, House ways and means committee. In a since the board weakens the governors power and keeps the supremacy of legislature.
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