Each municipality adopting the provisions of this chapter shall publish, as provided in section 7-344, a budget statement which shall show, in addition to the items set forth in said section 7-344, (1) an estimate of the receipts and expenditures of the year during which the budget is being prepared, (2) a statement of the actual receipts and expenditures of the year prior to the year in which the budget is being prepared and (3) an estimate of the receipts and expenditures for the ensuing year. Each such municipality shall absorb any deficit which exists at the beginning of the fiscal year in which the budget is being prepared.
(1949 Rev., S. 820.)
Structure Connecticut General Statutes
Chapter 110 - Municipal Uniform Fiscal Years
Section 7-383. - Due date of tax levy.
Section 7-384. - Issuance of bonds and notes by complying municipalities.
Section 7-385. - Maturity of bonds.
Section 7-386. - Validity of bonds.
Section 7-387. - Change of term of elected officials.
Section 7-388. - Annual budget meetings.
Section 7-389. - Financing of change in fiscal year.
Section 7-390. - Publication of budget. Statements by municipalities adopting uniform fiscal years.