Common use of Projected Five Year Budget Clause in Contracts

Projected Five Year Budget. The Commission shall prepare a five year budget projection by Member Town once the draft operation and maintenance budget has been prepared. This budget shall include each of the line items shown in the budget as well as any other known items projected to be incurred during that planning period. The Commission shall mail (or email if requested) a copy thereof to the Chairman of the Sewer Commission or Board having such authority, and to the Board of Selectmen of each Member Town, on or before November 1st , so that each Member Town may utilize this information for budgeting and rate setting purposes. A final five year budget projection shall be adopted once the final operation and maintenance budget is approved and then a copy mailed (or emailed if requested) to the Chairman of the Sewer Commission or Board having such authority, and to the Board of Selectmen of each Member Town.