Each municipal corporation shall prepare a financial summary. The financial summary shall include:
(1) A summary statement by funds showing the estimate of budget resources and the estimate of expenditures;
(2) A classified statement of outstanding indebtedness, but not including indebtedness that has been defeased as provided in ORS 287A.195;
(3) A classified statement of all indebtedness authorized but not incurred; and
(4) A summary statement of the estimate of ad valorem property taxes, stated in dollars and cents and also stated as an estimated tax rate per thousand dollars of assessed value. [1963 c.576 §16; 1979 c.686 §5; 1997 c.308 §11; 1997 c.541 §329; 2007 c.783 §119]
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