Vermont § 1304 - Amount to be raised by taxation

§ 1304. Amount to be raised by taxation

• (a) Budgets for the City and the South Burlington School District shall be adopted when
  approved by the voters. Upon adoption of the budgets for the City and the South Burlington
  School District, the amounts stated therein as the amount of the budget for the City
  to be raised by property taxes shall constitute a determination of the amount of the
  levy for the purposes of the City in the corresponding tax year, and the Council shall
  levy such taxes on the grand list furnished by the Assessor for the corresponding
  tax year. The amounts stated therein as the amount of the budget for the South Burlington
  School District shall be used to determine the education property tax rates in accordance
  with 32 V.S.A. § 5402. (b) If the budget of the City or School District is not approved by the voters at the
  annual meeting, the City Council or School Board may submit the budget, with or without
  change, to the voters at a special meeting that shall be held within 30 days of the
  annual meeting. This special meeting shall be warned in the same manner as that for
  the annual meeting with the exception that the warning for this meeting shall be filed
  with the City Clerk and posted not fewer than 15 days before the meeting. (c) If the budget for the City or School District is not approved by the voters at the
  special meeting provided for in subsection (b) of this section, the City Council or
  School Board shall diligently pursue voter approval of its budget. Pending voter approval
  of a City or School District budget, the City and School District shall be authorized
  to borrow funds and make expenditures that do not exceed the amount of the budget
  approved by the voters for the preceding year. (Amended 2007, No. M-14, § 6, eff. Nov. 11, 2007; 2007, No. M-16 (Adj. Sess.), § 2, eff. Feb. 1, 2008; 2011, No. M-9 (Adj. Sess.), § 2, eff. Jan. 30, 2012.)