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Current as of January 01, 2024 | Updated by Findlaw Staff
At least 30 days before the date of the annual Town meeting, the Selectboard shall adopt a proposed budget. The budget shall contain:
(1) an estimate of the financial condition of the Town as of the end of the fiscal year and as of the date of submission of the budget;
(2) an itemized statement of appropriations recommended for operating expenses and capital improvements for the proposed fiscal year budget with comparative statements in parallel columns of budgeted and actual expenditures for the preceding fiscal year;
(3) an itemized statement of estimated revenues from all sources other than taxes for the proposed fiscal year budget, a statement of anticipated revenues from taxes required for the proposed fiscal year budget, and comparative statements in parallel columns of budgeted and actual revenues for the preceding fiscal year;
(4) a capital plan for the next five fiscal years, showing anticipated capital expenditures and financing and revenue sources; and
(5) any other information that the Selectboard may decide to include.
Cite this article: FindLaw.com - Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 126 § 62. Preparation and submission of budget - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-24-app-municipal-charters/vt-st-tit-24-app-c-126-sect-62/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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