Version a
Budget estimates
Note: This version of section amended by P.L.73-2005, SEC.1.
See also following version of this section amended by P.L.199-2005,
SEC.12.
Sec. 2. When formulating an annual budget estimate the proper
officers of a political subdivision shall prepare an estimate of the
amount of revenue which the political subdivision will receive from
the state for and during the budget year for which the budget is being
formulated. These estimated revenues shall be shown in the budget
estimate and shall be taken into consideration in calculating the tax
levy which is to be made for the ensuing calendar year. However,
this section does not apply to funds to be received from the state or
the federal government for:
(1) township assistance;
(2) unemployment relief;
(3) old age pensions; or
(4) other funds which may at any time be made available under
"The Economic Security Act" or under any other federal act
which provides for civil and public works projects.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.50-1996,
SEC.2; P.L.73-2005, SEC.1.
Last modified: May 28, 2006