TR-92-35 - 5 RESOLUTION VTR-92 3
A RESOLUTION ADOPTING A CONTINUING APPROPRIATION BUDGET r
FOR JULY, 1992 UNTIL APPROVAL OF FISCAL YEAR 1993
ANNUAL OPERATING BUDGET FOR THE TOWN OF AGAWAM
AND TO CERTIFY THE AMOUNT OF $1,250, 000 f
OF FREE CASH
4
� 4
' WHEREAS, Under the provisions of Section 70 of Chapter
23 of the Acts of 1992, enacted April 24, 1992 , the time by
which the 1993 fiscal year budget must be submitted in cities
was extended to within one hundred and seventy days after the
annual organization of the city government, the mayor shall
submit to the council the annual budget; and
WHEREAS, Under the provisions of Section 71 of Chapter
23 of the Acts of 1992, if, upon the expiration of one hundred
and seventy days after the annual organization of the city
government in the year nineteen hundred and ninety-two, the
mayor shall not have submitted to the council the annual
budget for fiscal year 1993 , the council shall upon its own
initiative prepare the annual budget by June 30, 1992 and such
preparation shall be where applicable subject to the same
provisions governing the annual budget of the mayor; and
WHEREAS, Under the provisions of Section 72 of Chapter
23 of the Acts of 1992, commencing July 1, 1992 and ending
September 30, 1992 for a period not to exceed three months,
the mayor may submit to the council a continuing appropriation
budget on a month by month basis if Agawam has not approved a
fiscal 92-93 operating budget for circumstances beyond
Agawam's control; and
WHEREAS, Due to circumstances beyond Agawam's control it
is necessary to adopt a continuing appropriation budget for
July, 1992 until approval of the fiscal year 1993 annual
operating budget; and
WHEREAS, It is necessary for the Council to certify 1 the_._L' I -
approval to allow the Assessor to use not more than $1, 250,000 ;
of "Certified Free Cash" to reduce the Fiscal 1993 Tax Rate to.
stay within the guidelines of Proposition 2 1/2;
a
NOW THEREFORE, THE AGAWAM TOWN COUNCIL HEREBY RESOLVES:
That pursuant to the provisions of Chapter 23 of the Acts
of 1992, a continuing appropriation budget for July, 1992 to
raise the necessary revenue for the necessary expenditures for
the operation of the Town, is hereby adopted until approval of
the fiscal year 1993 annual operating budget and that the
Assessor is allowed to use not more than $1, 250,000 of
"Certified Free Cash" to reduce the Fiscal 1993 Tax Rate to
stay within the guidelines of Proposition 2 1/2.
DATED THIS DAY OF Jum , 1992.
PER ORDER OF THE AGAWAM TOWN COUNCIL
J anne H. Willis, President
APPROVED AS TO FORM AND LEGALITY
T o . Locke, Solicitor
MAYORAL ACTION
Received this 2d day of Jug 1992
' from Town Council Clerk.
APPROVAL OF LEGISLATION
By - the powers vested in me pursuant to Article 3 , Section 3-
6 of the Agawam Charter, as amended , I hereby approve the
passage of the above legislation on this 2_1rd day
of 1992 .
k.hrVtopher C Joh f.1n, Mayor
DI PPROVAL_ OF LEGISLATION
By the powers vested in me pursuant to Article 3 , Section 3-
6 of the Agawam Charter, as amended, I hereby veto the
passage of the above legislation on this
day of 1992 for the following reason( s) :
Christopher C. Johnson, Mayor
RETURN OF LEGISLATION TO COUNCIL CLERK
' Returned to Council Clerk this 23rd day
of June 1992.
/m