Texas Special District Local Laws Code 1003.151 – Budget
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(a) Each year, the board shall prepare a budget showing for the following fiscal year:
(1) the proposed expenditures and disbursements;
(2) the estimated receipts and collections; and
(3) the amount of taxes required to be imposed during the year.
(b) The board shall hold a public hearing on the proposed budget. At least 10 days before the date of hearing, at least one notice of the hearing shall be published in a newspaper of general circulation in the county.
Terms Used In Texas Special District Local Laws Code 1003.151
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) Any district taxpayer is entitled to appear at the time and place designated in the notice and to be heard regarding any item shown in the proposed budget.