True or False: The decision to borrow money happens before the council decides what it needs to fund.
Answer: False
The decision of whether to borrow is secondary to the decision of what the municipality wants to purchase or build. After a council determines the community's service and facility needs, it may consider borrowing as one of several available financing options.
The Municipal Elected Officials Institute of Government offers in-person and online courses. Basic Budgeting and Municipal Finance is offered as an on-demand course online. The next in-person courses, Municipal Governance and Policy as well as the Freedom of Information Act in SC, will take place May 21 at regional councils of governments locations.