§ 5.16 - Expenditures not to exceed revenues - Vermont Statutes

§ 17-5.16. Expenditures not to exceed revenues

(a) The city council shall not exceed in expenditures, except by authority of the legal voters of the city, the current revenues of the city during the current fiscal year. If it should so happen that the current revenues of the city shall have been expended before the end of the fiscal year and there remain necessary or desirable expenditures to be met, the city council shall call a special meeting of the legal voters of the city to consider what shall be done in the matters.

(b) The city council, without special direction of the voters of said city shall not draw orders on the city treasurer in excess of the current revenues. The city treasurer, without special direction of the voters of said city, shall not honor orders drawn in excess of the current revenues. Any official violating the provisions of this section shall be liable to the full amount of all orders so drawn or so honored.