The Vermont Statutes Online
The statutes were updated in November, 2018, and contain all actions of the
2018 legislative session.
Subchapter 010 : BUDGETS AND TAXATION(Cite as: 24 App. V.S.A. ch. 129, § 1002)
§ 129-1002. Preparation and submission general budget
(a) At least 120 days before the date of the regular annual Town and school meeting, each department or commission head shall submit to the Town Manager in the case of the Town and the Superintendent of the schools in the case of the school a proposed budget for their review and revision. Not less than 60 days prior to the annual meeting, each department or commission head shall submit a written report to the Town Manager or Superintendent of Schools to be included in the Town or school report.
(b) The Town Manager in the case of the Town and the Superintendent in the case of the schools, at least 60 days before the date of the regular annual meeting, shall submit to the Selectboard or school trustees a budget which, except as required by law or this charter, shall be in such form as the Manager or Superintendent deems desirable and the Selectboard or school trustees may require. The budget shall contain:
(1) Appropriations and expenditures. An itemized statement of appropriations recommended for current expenses and for capital improvements during the next fiscal year with comparative statements in parallel columns of appropriations and estimated expenditures for the current fiscal year and the actual appropriations and expenditures for the immediate preceding fiscal year.
(A) Comparative figures of tax and other sources of revenue for the current and the immediate preceding fiscal year.
(B) An itemized statement of estimated revenues from all sources, other than taxation, for the next fiscal year.
(C) A statement of taxes required for the next fiscal year.
(3) Other. Such other information as may be required by the Selectboard or school trustees.
(c) The Selectboard's or school trustees' Budget, in its final form and the warning for the annual meeting, shall be printed under the direction of the Town Manager in the case of the Town and the Superintendent of Schools in the case of the school and shall be made available at least 10 days prior to the annual meeting.