|ACT OF THE GENERAL ASSEMBLY||2007-2008|
NO. M-16. AN ACT RELATING TO APPROVAL OF AMENDMENT TO THE CHARTER OF THE CITY OF SOUTH BURLINGTON REGARDING VOTER APPROVAL OF CITY AND SCHOOL DISTRICT BUDGETS.
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. CHARTER APPROVAL
The general assembly approves the amendment to the charter of the city of South Burlington as provided in this act. The proposal of amendment was approved by the voters on May 15, 2007.
Sec. 2. 24 App. V.S.A. chapter 13 § 1304(c) is amended to read:
(c) If the budget for the city or school district is not adopted by the voters at the special meeting provided for in subsection (b) of this section, the city council or school board shall adopt a budget with the net cost of operations limited to the amount of the net cost of operations in the preceding tax year’s budget, adjusted for the preceding calendar year’s Consumer Price Index for All Consumers – Northeast Region, as published by the U.S. Department of Labor’s Bureau of Labor Statistics.
Sec. 3. EFFECTIVE DATE
This act shall take effect from passage.
Approved: February 1, 2008
The Vermont General Assembly
115 State Street