Topic > The Importance of the Budget Process - 932

Founded in 1695, Prince George's County has a population of just under one million residents, according to the 2014 census. The 2014 census reports that Prince George's County is 66% black with a median income of approximately 79,000 per year, making the county one of the wealthiest black counties/communities in the United States of America. Although the majority is black, Prince Georges County is very diverse with a mix of other racial compositions: White, Native American, Asian, Native Hawaiian or Pacific Islander, Hispanic or Latino to include other unidentified races. The budget document I will discuss covers Prince George's approved fiscal year 2015 operating and capital budgets. This document is the expenditure and revenue projection for the coming year and includes a detailed breakdown of the expense allocation and strategic plans for the county for the county's $3.43 billion adopted budget. Prince George's County currently breaks down its budget as follows: - General