Established as a separate entity within the Budget and Control Board in 1984, the Office of State Budget is responsible for the development and oversight of the process for preparing the annual state budget. This includes requests for funds, allocations of funds, and the responsible utilization of funds to achieve the needs of state government.

The Office provides data to the Governor's Office for its use in making annual budget recommendations to the General Assembly and works closely with the legislature throughout the budgetary cycle.

In accordance with the Restructuring Act of 2014, effective July 1, 2014, the State Budget Division is eliminated and its functions divided among two offices newly created:

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