[HISTORY: Adopted by the Town Council of the Town of Coventry as indicated in article histories. Amendments noted where applicable.]
[Adopted 7-24-2006 by Ord. No. 3-06-249]
On or before November 1 of each year, the Town Council, through the Town Finance Director, shall submit to the School Committee an estimate of projected revenues for the next three fiscal years. This projection shall include only changes in the property tax base, not property tax rates.
On or before November 1 of each year, the School Committee shall submit to the Town Council an estimate of its expenditures by major program and school revenues for the same three years, which designates those expenditures, in whole or in part, that are required by state law or regulation.
The state shall cooperate by the preparation and provision of information necessary to develop these three-year forecasts pursuant to Rhode Island General Laws § 16-2-21.2.
There shall annually be a joint meeting between the Town Council and the School Committee not later than December 31 to review the revenue and expenditure projections and to discuss issues affecting the preparation of the school budget.