Participatory budgeting

when residents are directly involved in making decisions about how sections of local budgets are allocated and invested. While the initial model related to the allocation of mainstream budgets, participatory budgetingGlossary: when residents are directly involved in making decisions about how sections of local budgets are allocated and invested may also used for decision making on grant budgets or neighbourhood fundsGlossary: a budget devolved to neighbourhood to spend on projects to improve the locality. This may be, but is not necessarily allocated through participatory budgeting techniques..

 

Source: Young Foundation (2008) Devolving funds to local communities, A Neighbourhood Action Network paper for IDeA and the Local Government Association