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West Shore School District balances budget by taxing community to the max.
2 months ago
7
Definition of a balanced budget
A balanced budget is when an entity's total revenues are equal to its total expenditures over a specified period. This concept is often applied to government budgets but can also be relevant to businesses and personal finances. Essentially, it means that the money coming in matches the money going out, so there is NO DEFICIT (where expenses exceed revenues) or surplus (where revenues exceed expenses).
For example, if a government collects $500 billion in taxes and spends $500 billion on public services and infrastructure in a fiscal year, it has a balanced budget.
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