Vermont § 1302 - Preparation and submission

§ 1302. Preparation and submission

• (a) The Town Manager, at least 60 days before the date of the regular annual Town meeting,
  shall submit to the Selectboard a budget that, except as required by law or this charter,
  shall be in such form as the Manager deems desirable or the Selectboard may require.
  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 current expenses and for capital
  improvements, during the next fiscal year with comparative statements in parallel
  columns of appropriations and estimated expenditures for the current fiscal year and
  actual appropriations and expenditures for the next preceding fiscal year; (3) an itemized statement of estimated revenues from all sources, other than taxation,
  for the next fiscal year; a statement of taxes required for the next fiscal year;
  and comparative figures of tax and other sources of revenue for the current and next
  preceding fiscal year; (4) a capital plan for the next five fiscal years, showing possible anticipated capital
  expenditures, financing, and tax requirements; (5) such other information as may be required by the Selectboard. (b) At least 10 days before the annual meeting of the Middlebury Incorporated School District
  No. 4, Union School District No. 3, or the Town, whichever comes first, the Selectboard
  shall publish in a newspaper of general local circulation a notice containing: (1) the amount that the Town anticipates must be raised by Town taxes and to be voted
  at its annual meeting; (2) The amount that the Middlebury Incorporated School District No. 4 anticipates must
  be raised by Town taxes and to be voted at its annual meeting; (3) the amount that the Union School District No. 3 anticipates must be raised by Middlebury
  Town taxes and to be voted at its annual meeting; (4) the anticipated tax rate applicable to the taxes to be raised in support of the amounts
  in subdivisions (1), (2), and (3) of this subsection. (c) The Boards of Directors of the Middlebury Incorporated School District No. 4 and Union
  School District No. 3 shall submit to the Selectboard the information required by
  subdivisions (b)(2) and (3) of this section at least 20 days prior to the Town’s annual
  meeting, and the Chair of each Board shall certify that such information is accurate,
  based upon the information available to each Board of Directors. (d) Prior to finally determining the Middlebury Town budget, and at least 40 days prior
  to the annual meeting, the Selectboard shall hold a public hearing, giving notice
  thereof in a newspaper of general local circulation at least seven days prior thereto. (e) The Selectboard’s budget in its final form and the warning for the annual meeting
  shall be distributed to the legal voters of the Town at least 10 days prior to the
  annual meeting.