Purpose

Official textwebserver.rilegislature.govlast amended 1981

The purpose of this chapter is to:

# (1)

Establish a procedure under which towns and cities may levy property taxes;

Provide for full disclosure of the effect of rate and base changes on property tax revenues;

Establish a procedure for public hearings on proposed budgets;

Require municipalities to adopt a balanced budget; and

Provide for fiscal oversight of municipalities incurring an operating deficit or an accumulated deficit in the preceding fiscal year.

Amendment history

History of Section. P.L. 1979, ch. 298, § 1; P.L. 1981, ch. 297, § 1.

In this chapter (11 sections)