This bill amends the Municipal Budget Law to enhance the transparency and accuracy of the default budget process. Specifically, it requires that the default budget be presented to the budget committee along with an explanation of its items and their compliance with the law. This new requirement aims to ensure that the budget committee can make any necessary corrections to the default budget before it is finalized.

The bill modifies RSA 32:5, VII(b) by inserting language that mandates the explanation of the default budget to the budget committee and allows for corrections to be made. The existing language regarding the posting of certified copies of the default budget form remains unchanged, but the new provisions emphasize the importance of clarity and oversight in the budget preparation process. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 32:5
HB1575 text: 32:5