The Town Manager shall prepare a report of the receipts from the real estate transfer tax, expenditures made in the preceding fiscal year, real properties purchased by the town or in the process of being purchased, a list of properties to be purchased by the town and the priorities of purchase (provided, however, the list of properties to be purchased and the priorities thereof shall be confidential to the Town Council), and the projected revenue and expenditures for the next fiscal year. Such report shall be submitted to the Council two weeks prior to the submission of the budget as required by § 9.3 of the Charter of the town.
(Ord. 26(1979) § 12; Ord. 5(1980) § 12)