(1) If no newspaper is published in a municipal corporation the aggregate estimated budget expenditures of which do not exceed $100,000 for the ensuing fiscal year or $200,000 for the ensuing budget period, the municipal corporation may post the notice of the meeting and financial summary of the budget required under ORS § 294.438 (1) in three conspicuous places in the municipal corporation for at least 20 days before the date of the meeting required under ORS § 294.453.

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Terms Used In Oregon Statutes 294.448

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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.

(2) Notwithstanding ORS § 294.438, a municipal corporation having a population exceeding 200,000 and located in a county having a tax supervising and conservation commission or a municipal corporation having a population not exceeding 200,000 that has not made an election under ORS § 294.625 (2) and that requests the tax supervising and conservation commission to conduct the public hearing described in ORS § 294.453 shall, not less than five days and not more than 30 days before the date of the meeting required under ORS § 294.453, publish a notice stating:

(a) The date, time and place of the meeting required under ORS § 294.453;

(b) The place where the complete budget document is available during regular business hours for inspection by the general public;

(c) Total budget requirements and taxes to be levied;

(d) Changes in the amount or rate of proposed ad valorem property taxes; and

(e) The place where copies of the complete budget or parts of the complete budget may be obtained. [Formerly 294.421]

 

[1963 c.576 § 27; 1975 c.569 § 1; 1979 c.310 § 6; 1997 c.308 § 24; 1999 c.632 § 12; 2001 c.135 § 21; 2009 c.477 § 9; 2011 c.473 § 16; renumbered 294.463 in 2011]