Sec. 7-390. Publication of budget. Statements by municipalities adopting uniform fiscal years.
Sec. 7-390. Publication of budget. Statements by municipalities adopting uniform fiscal years. 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.)