Which article of the state constitution requires balanced budgets?

The requirement for balanced budgets is specified in Article X, Section 7 of the state constitution. This article typically encompasses rules related to fiscal responsibility, ensuring that state budgets do not exceed projected revenues. The concept of a balanced budget is critical for maintaining fiscal discipline and ensuring that government entities operate within their financial means.

Balanced budget requirements generally mandate that expenditures must match or be less than revenues, which prevents the accumulation of deficits. This stipulation is fundamental for the long-term financial stability of state governments and ensures accountability in financial planning and budget management practices.

While other articles listed may address different aspects of governance or financial conduct, they do not specifically enumerate balanced budget mandates like Article X, Section 7 does. Understanding this distinction is key for effective financial planning and budgeting within a government context.