ABSTRACT
The following review of PAYGO financing unfolds through several sections. First, PAYGO financing for consolidated and operating budgets is discussed. Second, the review examines the role of PAYGO financing for capital outlay budgeting in comparison with debt financing. This analysis includes capital outlay examples and an example of transitioning PAYGO financing from capital to operational costs. Third, potential PAYGO financing sources are discussed. Fourth, and finally, the review closes with a summary regarding the usefulness of PAYGO financing.
