Section 27.   Adoption of budget by township board; resolution; appropriation; tax levy; limitation; separate appropriation for fire and police departments; tax collection; interim budget.
   Not later than 60 days prior to the commencement of the fiscal year, the township board shall, by resolution, adopt the budget for the next fiscal year and shall, in that resolution, make an appropriation of the money needed for township purposes during the ensuing fiscal year of the township and provide for a levy of the amount necessary to be raised by taxes upon real and personal property for the municipal purposes of the township. This levy shall not exceed 1/10 of 1% of the assessed valuation of all real and personal property subject to taxation within the limits of a village located within the township and 1/2 of 1% of the assessed valuation of all real and personal property subject to taxation in the balance of the township. The electors of a charter township may increase the tax levy limitation to not to exceed a total of 1% of the assessed valuation of all real and personal property in the township for a period of not to exceed 20 years at one time. In a township in which there is located 1 or more villages which maintain either a fire department or a police department which is not limited solely to the village marshal, or both a fire department and a police department, the expense of a township fire department or police department, or both of the departments, in case both are maintained by the township, shall be appropriated separately from the other expenses of the township and a tax levy shall not be spread upon the township assessment roll against the property, either real or personal, located in these villages. The adoption of the resolution shall constitute complete and final authority for the township supervisor to spread the levy or levies provided upon the tax roll for the current year, according and in proportion to the valuations entered by the board of review in the assessment roll of the township and to include the amount of each levy in his or her warrant to the township treasurer. The township treasurer shall collect and return the warrant in the manner provided by the general property tax act, Act No. 206 of the Public Acts of 1893, being sections 211.1 to 211.157 of the Michigan Compiled Laws. Within 60 days after the incorporation of a township as a charter township under this act, the township board shall adopt an interim budget to defray the expenses of the township until the commencement of the next fiscal year as established in this act and shall, in the adopting resolution, make an appropriation of the money needed for these purposes from the funds and assets of the township available for these purposes.