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Revenues got you down? Start with your revenue policies.(Best Practices)

Government Finance Review

| February 01, 2005 | James, Perry E. | COPYRIGHT 2005 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

We've all been there. That critical point in the budget process has finally arrived--the day the revenue forecasts are matched up against expenditure requests. "Ouch," we all say to ourselves, as our eyes quickly drop to that bottom line difference between the two. Revenues are not going to be sufficient to cover the proposed expenditures. Departmental budget requests have already been pared down significantly, leaving revenue adjustments as the only desirable action.

We know the drill. It's time to start asking those necessary revenue questions:

* Can we raise our revenue estimates some more?

* When did we last raise those inspection fees?

...
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