Vermont § 33 - Budget, appropriation, and assessment

§ 33. Budget, appropriation, and assessment

• (a)(1) Proposed budget. Annually, on or before the first day of December, the Board of Supervisors shall prepare
  and distribute to the legislative body of each member municipality for review and
  comment an annual report of its activities during the previous 12 months, including
  a proposed budget of the District for the next fiscal year. This proposed budget shall
  include reasonably detailed estimates of: (A) deficits and surpluses from prior fiscal years; (B) anticipated expenditures for the administration of the District; (C) anticipated expenditures for the operation and maintenance of any District facilities; (D) costs of debt service; (E) payments due on long-term contracts; (F) payments due to any sinking funds for the retirement of debts; (G) payments due to any capital reserve funds; (H) anticipated revenues from sources other than assessments to member municipalities; (I) the necessary appropriations to operate and carry out the District’s functions for
  the next fiscal year; (J) the proposed assessment to each member municipality; (K) other estimates as the Board of Supervisors shall deem necessary to propose; and (L) any threatened or reasonably anticipated lawsuits or other contingent expenses. (2) The Board of Supervisors shall hold a public hearing on or before January 1 of each
  year to receive comments from the legislative bodies of member municipalities and
  hear all other interested persons regarding the proposed budget. Notice of the hearing
  shall be given at least seven days prior to the hearing by publication in a newspaper
  of general circulation in the District, by posting in at least three public places
  in each member municipality, and by filing with the town or city clerk of each member
  municipality. The Board of Supervisors shall give consideration to all comments received
  and make such changes to the proposed budget as it deems advisable.