(A) After the filing of the proposed budget statement with the Village Clerk, the Board of Trustees shall each year conduct a public hearing on the proposed budget statement. Notice of the place and time of the hearing, together with a summary of the proposed budget statement, shall be published at least five days prior to the date set for the hearing in a newspaper of general circulation within the village or by direct mailing of the notice to each resident within the village.
(B) (1) After the hearing, the proposed budget statement shall be adopted, or amended and adopted as amended, and a written record shall be kept of such hearing. The amount to be received from personal and real property taxation shall be certified to the levying board after the proposed budget statement is adopted, or is amended and adopted as amended.
(2) The certification of the amount to be received from personal and real property taxation shall specify separately:
(a) The amount to be applied to the payment of principal or interest on bonds issued by the Board of Trustees; and
(b) The amount to be received for all other purposes.
(C) If the adopted budget statement reflects a change from that shown in the published proposed budget statement, a summary of such changes shall be published within 20 days after its adoption in the manner provided in this section, but without provision for hearing, setting forth the items changed and the reasons for such changes.
(D) When a levy increase has been authorized by vote of the electors, the adopted budget statement shall indicate the amount of the levy increase.
(Neb. RS 13-506, 13-507) (1996 Code, § 1-803) (Ord. 98-17, passed 8-4-1998)