Why do cities/towns engage in the budgeting process?

Our Town goes through a public budget process to fund programs that are responsive to our community's wishes, effective in reaching our community's goals and do so in a cost-efficient way. The budget allows us to achieve policies and goals for the Town.

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1. Why do cities/towns engage in the budgeting process?
2. Who is involved in the budget process?
3. What are the laws surrounding local government budgets in Texas?
4. What timeline does the budgeting process have to follow?
5. Where can I learn more?
6. I own a house in TC and it’s time for the Town to set the FY 23 Tax Rate. How does the process work?
7. Can you explain TC's NEW terminology used related to property tax?
8. What about the PID? How is it assessed?