Basic Law of Budgeting 2026

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105 pages

Introduction to the Municipal Budget Law

Glossary of Terms

Chapter 1. Appropriations

Chapter 2. Gross Basis Budgeting

Chapter 3. Warrant Notice and Permissible Amendments

Chapter 4. No Spending Without an Appropriation

Chapter 5. When Do Appropriations Lapse?

Chapter 6. Transfers of Appropriations During the Year

Chapter 7. The Budget Committee

Chapter 8. Appropriations under the Official Ballot Referendum

Chapter 9. Basic Town, Village District and School District Meeting Procedures

Chapter 10. Capital Improvements Plans: An Important Financial Planning Tool

Chapter 11. Understanding the Property Tax System

Appendix A: Custody and Expenditure of Common Town Funds

Appendix B: Fees, Licenses, Permits & Penalties

Appendix C: Financing Options

Appendix D: Assessed Value Illustrations

Appendix E: Tax Rate Impact Worksheet

Appendix F: Timetable for Special Town Meeting

Appendix G: Forms and Documents

Appendix H: Default Budget FAQ

Index of Statutes