The school committee shall submit its proposed budget to the town administrator not later than one hundred days prior to the start of the next fiscal year.
Estimates of sums expected to become available from federal and state grants for the support of the public schools shall be included in the total requested for school expenditures. The council shall appropriate these funds for expenditure by the school committee, and shall appropriate such additional funds from local tax revenues as may be required to meet the total school budget which the council approves. The school committee shall not have the authority to obligate the town financially beyond the total budgetary amount voted by the council.