State Codes and Statutes

§ 44-35-2 Purpose. – The purpose of this chapter is to:

(1) Establish a procedure under which towns and cities maylevy property taxes;

(2) Provide for full disclosure of the effect of rate andbase changes on property tax revenues;

(3) Establish a procedure for public hearings on proposedbudgets;

(4) Require municipalities to adopt a balanced budget; and

(5) Provide for fiscal oversight of municipalities incurringan operating deficit or an accumulated deficit in the preceding fiscal year.

§ 44-35-2 Purpose. – The purpose of this chapter is to:

(1) Establish a procedure under which towns and cities maylevy property taxes;

(2) Provide for full disclosure of the effect of rate andbase changes on property tax revenues;

(3) Establish a procedure for public hearings on proposedbudgets;

(4) Require municipalities to adopt a balanced budget; and

(5) Provide for fiscal oversight of municipalities incurringan operating deficit or an accumulated deficit in the preceding fiscal year.

§ 44-35-2 Purpose. – The purpose of this chapter is to:

(1) Establish a procedure under which towns and cities maylevy property taxes;

(2) Provide for full disclosure of the effect of rate andbase changes on property tax revenues;

(3) Establish a procedure for public hearings on proposedbudgets;

(4) Require municipalities to adopt a balanced budget; and

(5) Provide for fiscal oversight of municipalities incurringan operating deficit or an accumulated deficit in the preceding fiscal year.

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