The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
006
:
EXECUTIVE DEPARTMENTS
(Cite as: 24 App. V.S.A. ch. 3, § 168)
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§ 168. Adoption of budget
(a)(1) Said Board shall annually be responsible for the preparation and adoption of a budget,
which shall include a detailed estimate of revenues and expenditures for the ensuing
July 1 to June 30 fiscal year. The budget shall be formally adopted no later than
January 20 of the fiscal year prior to its applicability, but it may be amended by
the Board from time to time thereafter.
(2) The Board shall, not earlier than 21 days prior to its formal action to adopt a budget,
make a formal presentation to the City Council, at a City Council meeting to be called
for this purpose, concerning its proposed budget. At such meeting, the City Council
will also allocate time to receive public commentary on the proposed budget. The Board
shall also present information concerning its purposed budget, the status of the current
fiscal year to date, its educational goals and outcomes, its strategies for improvement,
and other pertinent information.
(b)(1) Annually, immediately following the formal adoption of its budget, the Board shall
pass a resolution placing before the voters at the annual City meeting the question
of whether the education spending portion of the Board-adopted budget will be approved.
The City’s Chief Administrative Officer shall place such budget approval question
upon the ballot of the annual City meeting.
(2) Should a majority of the voters present and voting approve the presented education
spending portion of the budget, it shall be considered approved. If such portion of
the Board-adopted budget is not approved at the annual City meeting, the Board may
make alterations thereto which it deems appropriate, if any, and thereafter resubmit
such portion of the budget to the voters at a special City meeting to be arranged
for such purpose by the Chief Administrative Officer. This sequence may be repeated
until the voters approve the education spending portion of the budget presented to
them or until July 1 of any year, whichever sooner occurs. Should such portion of
the budget not be approved by the voters by July 1 of any year, the Board shall amend
its budget and may permit education spending for that fiscal year in an amount that
does not exceed the education spending last duly approved by the legal voters adjusted
by the total dollar amount change in the base education payment for the budget year
multiplied by the equalized pupil count for the budget year. No question that is
submitted to the voters on or after May 20 of any year shall be subject to a petition
for reconsideration or rescission under any provision of this charter or under 17
V.S.A. chapter 55.
(c) [Repealed.] (Amended 1999, No. M-14 (Adj. Sess.), § 3; 2003, No. M-14 (Adj. Sess.), § 3.)