§ 5.04 - Meetings - Vermont Statutes

§ 17-5.4. Budget

(a) Budget. Notwithstanding any prior acts of the voters, the budget for the ensuing fiscal year submitted by the manager shall clearly define all anticipated operational expenditures for all city departments, offices or agencies and a sum sufficient to pay the interest and payments for all outstanding serial and nonserial bonds or other obligations of the city. The budget shall also include the estimated revenues from taxation, fines and all other lawful sources necessary to meet said anticipated expenditures. The budget shall be presented by department, office or agency.

(b) Estimated tax. The budget shall include an estimate of the tax to be levied and assessed upon the grand list of the city for the ensuing fiscal year.

(c) Budget summary. The budget shall include a three-year summary comparison by departments, offices or agencies which clearly defines the previous fiscal year's budget and actual expenditures, the current fiscal year's budget and anticipated expenditures and the ensuing fiscal year's budget.