Ala. Code § 45-37A-52.124 (1975) - A balanced budget

Cite as:Ala. Code § 45-37A-52.124 (1975)
Currency:Current through Act 579 of the 2018 Legislative Session

In no event shall the expenditures recommended by the mayor in the general fund budget exceed the receipts estimated, taking into account the estimated cash surplus or deficit at the end of the current fiscal year, as provided in the preceding section, unless the mayor shall recommend an increase in or levy of new or increased, taxes or licenses within the power of the city to levy and collect in the ensuing fiscal year, the receipts from which, estimated on the basis of the average experience with the same or similar taxes during the three full tax years last ...

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