Michael Rao is an American academic administrator who served as the Chancellor of a public state university that had an operating budget for fiscal year 2007 of what?
Michael Rao Michael Rao is an American academic administrator who is the current president of Virginia Commonwealth University, a public university in downtown Richmond, Virginia. Rao previously served as the president of Central Michigan University in Mount Pleasant, Michigan and Mission College in Santa Clara, California. Additionally, he served as the Chancellor of Montana State University–Northern.
Government budget balance A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year. The government budget balance, also alternatively referred to as general government balance, public budget balance, or public fiscal balance, is the overall difference between government revenues and spending. A positive balance is called a "government budget surplus", and a negative balance is a "government budget deficit". A budget is prepared for each level of government (from national to local) and takes into account public social security obligations.