What do Dedication by Rider resolutions allow a local unit to do?

Dedication by Rider resolutions allow a local unit to anticipate revenues during the budget year. This mechanism is vital in municipal budgeting as it enables officials to project future income based on identified sources of revenue, such as grants or specific taxes, and include these anticipated revenues in the budget. By being able to forecast these revenues, local units can plan their expenditures more effectively and ensure that their budget reflects a realistic view of their financial situation for the year.

This practice is essential for fiscal planning and allows municipalities to align their spending with the expected income, ensuring that they can fund necessary services and projects without encountering budget shortfalls. Anticipating revenues also helps in managing cash flow throughout the year and making informed decisions about investments and commitments.