Vermont § 602 - Preparation and submission

§ 602. Preparation and submission

• (a) The Town Manager, at least 75 days before the annual Town meeting or at such previous
  time as the Town Manager may be directed by the Selectboard, shall submit to the Selectboard
  a budget containing: (1) an estimate of the financial condition of the Town as of the end of the fiscal year; (2) an itemized statement of appropriations recommended for current expenses, and for
  capital improvements other than those included in multi-year, voter approved capital
  plans, voter approved financing agreements, voter approved debt, or impact fees adopted
  in accordance with 24 V.S.A. chapter 131, during the next fiscal year with comparative statements of appropriations and estimated
  expenditures for the current fiscal year and actual appropriations and expenditures
  for the immediate preceding fiscal year; (3) an itemized statement of estimated revenues from all sources, other than taxation,
  for the next fiscal year and comparative figures of tax and other sources of revenue
  for the current and immediate preceding fiscal years; (4) for capital to be funded through revenues other than those included in multi-year,
  voter approved capital plans, voter approved financing agreements, voter approved
  debt, or impact fees adopted in accordance with 24 V.S.A. chapter 131, a capital budget for the next five fiscal years, showing anticipated capital expenditures,
  financing, and source of funding. (b) The annual budget should be presented as follows: (1) The Town Manager shall formally present the Town Manager’s budget to the Selectboard
  at a public meeting and provide such other information as may be requested by the
  Selectboard. (2) The Selectboard shall have 35 days to review and approve the recommended budget with
  or without change. (3) Not later than 45 days prior to the annual Town meeting, the Selectboard shall hold
  at least one public hearing to present and explain its proposed budget. (4) Not less than 15 days prior to the annual Town meeting, the Town Manager shall print
  and distribute the Selectboard’s recommended budget and the final warning of the pending
  Town meeting. (5) Not less than 15 days prior to the annual Town meeting, the Town Manager shall also
  file the proposed capital budget with the Town Clerk and Secretary of the Planning
  Commission pursuant to 24 V.S.A. § 4443(a). (Amended 2015, No. M-1, § 2, eff. Jan. 27, 2015; 2017, No. M-5, § 2, eff. May 17, 2017.)