[HISTORY: Adopted by the Town of Ashland May 1993 Special Town Meeting. Amendments noted where applicable.]
There shall be a Finance Committee consisting of seven (7) registered voters who shall be appointed by the Moderator for three-year overlapping terms. Members shall serve without compensation and shall not serve on any other town board. In-term vacancies shall be filled by the Moderator for the remainder of the term.
The Finance Committee shall consider all articles in warrants for all Town Meetings and/or referenda. It shall, after due consideration, report thereon, in print, its recommendation as to each Article. It shall hold one (1) or more public hearings with respect to the Warrant and shall distribute its report to each registered voter household and/or provide the same at convenient distribution places. The report shall state the total amount of appropriation recommended, and the Finance Committee may, at its option, include the approximate tax rate based upon such recommendation.
The Committee shall annually choose a Chairman, Clerk or any such officers it chooses. It may employ, subject to an appropriation therefor, a Recording Secretary.
Upon request, any town department or committee shall furnish the Finance Committee with such information concerning specific receipts or expenditures of funds as the Finance Committee deems necessary to make a proper recommendation at Town Meeting.