EXECUTIVE BUDGET - one of the reforms of the Progressive Era in the United States was the executive budget system which had its first application for municipal government. The federal government conducted an important study of the executive budget system during the administration of President William Howard Taft (See Sec. VI: The Taft Commission’s Federal Budget Study, pp. 26-31) /http://enacademic.com/dic.nsf/enwiki/2501514