Some local governments engage in a practice they call Priority-based Budgeting — a process for involving their citizens in establishing funding priorities in the municipal budget. This allows citizens to participate in identifying areas where a higher-level of service is desired or a new initiative should be launched — and ensures that these priorities are reflected in the upcoming budget. However, it does not necessarily involve setting measurable goals that define the levels of service expected.
Knovos provides a way for a local government to easily pick up where the Priority-based Budgeting process ends, taking the resulting work product and extending it into a Program Performance Budget for achieving measurable results.
Zero-based Budgeting (ZBB) is a process for building a budget that does not assume that the previous year’s funding levels for each program should be the starting point for developing a new budget. Instead, it requires that every dollar be justified as if the program were starting from zero. Knovos offers the most effective solution for implementing ZBB throughout an organization.
