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How Public Budgeting could be different



U.S. state universities could spend less / have less tuition increases / provide transparent financial data

Governments / organizations could improve "use it or lose it" deadline budgeting

Public pensions could be managed by qualified investment managers and/or an independent board

Local governments could consolidate services

Public pensions could become defined contribution plans

Public agencies could be rewarded for cost savings

A default budget resolution could be enacted if Congress failed to adopt one on time

Federal, state, or local governments could use a biennial budget

Governments could use accrual accounting / zero-based budgeting