Massachusetts General Laws ch. 74 sec. 28 – Duties of trustees; preparation of budget
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Section 28. On or before December fifteenth the trustees of the schools mentioned in section twenty-five shall, in consultation with and with the approval of the commissioner, prepare estimates of the amounts necessary to equip and maintain their respective schools for the ensuing fiscal year as defined in section sixteen of chapter thirty-five. The amounts of such estimates shall be included by the respective county commissioners in the estimates required by section twenty-eight of chapter thirty-five.
Terms Used In Massachusetts General Laws ch. 74 sec. 28
- 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.