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Asked in Politics and Government
Who prepares the US budget?
The President of the United States is responsible for preparing the budget for the country on an annual basis. The President might ask for advice from Cabinet members when preparing the budget. Congress has to approve the budget each year. ...
Asked in History, Politics & Society, Business Accounting and Bookkeeping, US Congress, Construction
What is the annual operating budget for the US Congress?
Based on an article on Huffington Post dated 2/25/2009, the current annual operating budget is $4.4 Billion. That is roughly $8.2 Million per member of congress. Or $3348.55 per second. ...
Asked in Housing Associations
Can a condo association require open voting to increase HOA dues?
Associations prepare an annual budget to pay for the community's operations. Its revenue source is assessments. Generally, the board approves an annual budget and owners can refuse to ratify the budget. Lacking such refusal, the budget is ratified. Read your governig documents to determine the budget voting process in your association. ...
What is the current state of the US budget?
The US Budget is in a state of seemingly perpetual downfall. From 2001-2008, the "Bush Years", the US Debt doubled from roughly $5 trillion to $10 trillion, an average annual deficit of $625 billion. From 2009-2016, President Obama predicts that the US Debt will increase by roughly $7 trillion, an average annual deficit of $840 billion. One might conclude that the nation's leaders need to seriously address a tax code which consistently fails to meet the nation's needs as determined by its...