Common use of Tentative Budget Clause in Contracts

Tentative Budget. Thereafter the District shall annually prepare a tentative maintenance and operating budget for the ensuing fiscal year, attaching thereto provisions for any installment of principal or interest to become due in such fiscal year on any bonds or other evidence of indebtedness of the District and any other capital costs to be apportioned to the member towns. The Board shall mail a copy thereof to the Chairman of the finance or advisory committee of each member town and to the Chairman of the Board of Selectmen, Mayor, Town Manager or Town Council of such town for its consideration on or before December 15th in such detail as the Board may deem advisable.