HOW DOES IT WORK?

what is participatory budgeting

In 2015, New York City Council Members asked residents to decide how to spend $32 million in their neighborhoods through participatory budgeting. Thank you to the over 51,000 New Yorkers who cast ballots in the April 2015 Participatory Budgeting vote!

Find out what what projects will be funded in your district!

WHAT IS PARTICIPATORY BUDGETING?

Participatory budgeting (PB) is a democratic process in which community members directly decide how to spend part of a public budget. In other words, the people who pay taxes decide how tax dollars get spent. Participatory budgeting helps make budget decisions clear and accessible. It gives real power to people

who have never before been involved in the political process. And it results in better budget decisions - because who better knows the needs of our community than the people who live there?

This year, twenty-four Council Members let residents allocate part of their capital discretionary funds, giving the community real decision-making power over more than $32 million in taxpayer money.

PB is a yearlong process of public meetings, to make sure that people have the time and resources to make wise decisions. Community members discuss local needs and develop proposals to meet these needs. Through a public vote, residents then decide which proposals to fund.

Source: m.pbnyc.org

Category: Bank

Similar articles: