Code: DBI
Adopted: 6/19/09
Revised/Readopted: 2/21/17
Orig. Code(s): DBI

The budget estimates and proposed ad valorem property tax amount or rate of any fund as shown in the budget document may be amended by the Board prior to adoption. Such amendment may also be made following adoption if the amendments are adopted prior to the commencement of the fiscal year to which the budget relates. 

The amount of estimated expenditures for each fund, however, may not be increased by more than $5,000 or 10 percent of the estimated expenditures, whichever is greater. 

The ad valorem property tax amount or rate to be certified for levy of all funds may not exceed the amount approved by the budget committee, unless the amended budget document is republished and another public hearing is held as required by law. 

END OF POLICY 

Legal Reference(s): 

• ORS 294.456 
• ORS 294.471
• ORS 294.473