The newly incorporated Town of Beech Mountain is authorized to adopt a budget and levy property taxes for the portion of the 1980-81 fiscal year during which it is incorporated. In adopting the budget and levying taxes late in teh fiscal year 1980-81, the town's governing body need not follow the schedule of action set forth in the local Government Budget and Fiscal Control Act but shall observe the sequence of actions in the spirit of the act insofar as it is practical.