2009 Rhode Island Code
Title 44 - Taxation
CHAPTER 44-35 - Property Tax and Fiscal Disclosure – Municipal Budgets
§ 44-35-2 - Purpose.
SECTION 44-35-2
§ 44-35-2 Purpose. – The purpose of this chapter is to:
(1) Establish a procedure under which towns and cities may levy property taxes;
(2) Provide for full disclosure of the effect of rate and base changes on property tax revenues;
(3) Establish a procedure for public hearings on proposed budgets;
(4) Require municipalities to adopt a balanced budget; and
(5) Provide for fiscal oversight of municipalities incurring an operating deficit or an accumulated deficit in the preceding fiscal year.
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