FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to adopt a proposed Fiscal Year 2023/2024 Budget in the amount of $64,540,940
comprised of:
* General Government: $28,632,572
* Board of Education: $35,908,368
end
Background:
Public Hearing 4/17/2023: In accordance with Chapter VII; Section 5 of the Town Charter the Town Council prepared a Preliminary Fiscal Year 2023/2024 Budget to present to the townspeople at a Public Hearing on April 17, 2023 in the amount as follows:
* Fiscal Year 2023/2024 in the amount of $65,517,156 comprised of:
* General Government: $29,608,788
* Board of Education: $35,908,368
After receiving Public Comment regarding the proposed preliminary budget the Finance Committee would be reviewing the proposal to determine whether any additional budget adjustments were needed in preparation for the Town Council to review/approve to forward to the Townspeople at the Annual Town Meeting/Referendum Vote:
In accordance with Chapter VII; Section 5 of the Town Charter
SECTION 5. DUTIES OF THE TOWN COUNCIL ON THE BUDGET
The Town Council shall have the power to revise any of the proposed budget items. After formation of a preliminary budget, the Town Council shall provide sufficient copies of said budget for general distribution in the office of the Town Clerk, and shall conduct one or more public hearings on or before the last Monday of April. The Town Council shall then prepare a budget for recommendation to the annual Town Meeting and shall file said budget with the Town Clerk no later than the first Monday of May.
SECTION 6. ANNUAL TOWN MEETING
The annual Town Meeting for the consideration of the budget and the transaction of other business shall be held on the third Monday of May at such hour and at such place as the Town Council shall determine.
The Town Meeting(s) may not alter the amount of any appropriation recommended by the Town Council. The vote of the Town meeting on the annual budget shal...
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