§ 33. Budget.

(a)

No money shall be expended by the mayor and council of the town during any year until a budget has been prepared and adopted as herein provided. The budget shall include in its anticipations for the year a sum not to exceed the normal revenue collections by the town from all sources during the preceding year. The council shall appropriate a sum sufficient to cover the debts service, including the sinking fund and interest on bonded indebtedness, which sum shall not be diverted to any other department or departments by the council during the year. Should the income of the town be decreased by law or otherwise, it shall be the duty of the council to immediately adjust its budget so as to comply with such decreased revenue. In the event of any increase in revenue, which increase has become definite and reasonably certain by an increase in income, the council may revise the budget accordingly and take such anticipated receipts into consideration in the budget.

(b)

After the budget has been adopted, the council may transfer or reallocate funds, with the exception of appropriations for debt services.