By a budget system I mean a reference of proposed expenditures and receipts to some one authority or tribunal, which, after determining what the revenues are to be, must also determine what the expenditures can be, and make a budget without a deficit.
Bill Taft: “By a budget system I mean a reference of proposed expenditures and receipts to some one authority or tribunal, which…”
Editor's note · Context
Address at the Banquet of the Board of Trade in Newark, New Jersey
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