Sec. 12-122. Selectmen to estimate town's expenses; tax levy to pay current expenses.
Sec. 12-122. Selectmen to estimate town's expenses; tax levy to pay current
expenses. The selectmen of each town, in their annual report to be submitted at the
annual town meeting, shall include an itemized estimate of the current expenses of the
departments of the town for the ensuing year, which estimate shall be altered or approved
as the voters determine at such town meeting. Upon completion of the work of the board
of assessment appeals and of the final assessment list, the town shall levy a tax on such
list, payable not later than forty days prior to the end of the fiscal year for which the tax
was levied. No town shall levy a tax which, in addition to the other estimated yearly
income of the town, shall be insufficient to pay the estimated expenses of the town for
the current year. If the estimated income, including taxes, proves insufficient to pay the
current expenses of the town, the selectmen, in their next annual estimate of current
expenses, shall include a sum sufficient to pay the deficit in such expenses of the previous
year. The provisions of this section shall not apply to towns which have boards or departments of finance.
(1949 Rev., S. 1803; 1957, P.A. 13, S. 70; P.A. 95-283, S. 59, 68.)
History: P.A. 95-283 replaced board of tax review with board of assessment appeals, effective July 6, 1995.
Towns are required to levy such taxes as are sufficient to pay the estimated expenses of the town for the current year.
14 CS 258.