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
004
:
FISCAL AFFAIRS
(Cite as: 24 App. V.S.A. ch. 411, § 403)
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§ 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.)