Benefits often include retirement (i.e. pensions), health insurance, life insurance, dental insurance, and vacation, sick, and personal days as well as holidays.
Issuing bonds allows cities the flexibility needed to complete long-term capital projects and implement short-term financial solutions.
The city's annual budget shows the city's revenues, expenditures, program goals and details pertinent to the financial operations for the coming year.
Budgeting is the process of preparing and formalizing the municipal budget according to accounting standards and guidelines.