The Division of the Budget has central responsibility for the state budget process, including related policy issues, and for providing management services to state agencies. Because of its central role in budget formulation, the Division serves as a source of explanation to the Legislature and to legislative staff and committees while the Governor’s proposals are being considered for adoption.
The Division performs a series of duties related to budget execution and financial administration. The staff monitors cashflow and takes appropriate steps to assure State General Fund solvency throughout the year.
The Division interprets appropriations language and counsels agency managers when questions arise about legislative intent and the management of state government. It verifies and distributes the census data that determine how state aid to local governments is to be apportioned.
The staff within the Division is more recently serving a role in assistance with disclosure of the state’s financial status when state agencies seek to issue bonds for capital projects backed with state appropriations for debt service. In addition, the Division makes recommendations on agency requests for State Finance Council action and executive directives.
Official statements, certain financial information and operating data, as well as information regarding certain material developments with respect to the State and bonds and notes payable by appropriation of the State may be filed with and available from the Municipal Securities Rulemaking Board Electronic Municipal Market Access system (EMMA). Certain information on this website may be referenced by hotlinked in specific portions of such documents; readers should not assume that such reference constitutes an update or revision of any portion of any such document unless expressly stated.
Information on this website is provided for general informational purposes only. The information is limited in scope and does not contain all material information concerning the State and bonds or notes payable by appropriation of the State necessary to make an informed investment decision, nor does anything contained on this website constitute an offer to sell securities or the solicitation of an offer to buy securities. No person should make an investment decision in reliance on the information contained herein. Information, including any documents, contained on this website speaks only as of its date. Investor information regarding State bonds is available at emma.msrb.org.