Slide 28 of 84
An appropriation is the legal authority to spend or incur obligations. It is not an expenditure per se, nor is it money. Appropriation doesn't create a bucket of money to be spent. An appropriation is better thought of as permission to spend money. When you hear about the state running out of money in a program, what this really means is that the authorization to operate the program is being exhausted and will require some additional spending authorization to continue to operate.