Vermont § 403 - Budget hearing and adoption

§ 403. Budget hearing and adoption

• (a) The Board of Supervisors shall call at least one meeting of the legal voters of the
  member municipalities to be held on or before December 15th in each fiscal year for
  the purpose of having the Board of Supervisors present its proposed budget for the
  District for the ensuing fiscal year and for the purpose of receiving comment thereupon
  from the registered voters of the District. The meeting or meetings shall be warned
  by the publishing of a notice thereof in a newspaper of general circulation within
  each member municipality at least 15 days prior to the meeting. The notice shall contain
  a brief summary of the proposed budget, together with the date, time, and place of
  the meeting. In addition, a copy of the notice and a copy of the proposed budget shall
  be sent by certified mail, return receipt requested, to the clerk of each member municipality
  at least 15 days prior to such meeting. (b) The Board of Supervisors shall review the proposed budget in light of the oral comments
  received at hearings and written comments received up to and including the day of
  the public hearing and shall prepare a final budget to be acted upon by the Board
  of Supervisors by January 15. (c) If the annual budget for any fiscal year is not approved as of the beginning of that
  fiscal year, the District shall continue to operate on the budget for the immediately
  preceding fiscal year until a new budget is approved. (d) Notwithstanding any disapproval of the budget, the District shall be obligated to
  pay the principal of and interest on bonds, notes, and other evidence of indebtedness
  of the District; to satisfy any other obligations relating to the bonds, notes, and
  other evidence of indebtedness; and to pay obligations under any long-term contracts.
  To the extent provided by the terms of the bonds, notes, other evidence of indebtedness,
  or long-term contracts, each member municipality shall be obligated to pay its share
  of the indebtedness and obligations under long-term contracts. Unless otherwise provided
  in the vote authorizing the same, a municipality’s share of indebtedness shall be
  determined by the Board of Supervisors and shall be in an amount proportionate to
  the actual or estimated tonnage or volume of solid waste generated by that municipality
  as determined by the Board of Supervisors pursuant to section 404 of this charter. (Amended 2023, No. M-4, § 2, eff. May 8, 2023.)