C-19 - Cities and Towns Act

Full text
107.5. The budget of the municipality shall include an appropriation to provide for payment of a sum to the chief auditor to cover the expenses relating to the exercise of the chief auditor’s duties.
Subject to the third paragraph, the appropriation must be equal to or greater than the sum of A + B + C where
(1)  A is $500,000;
(2)  B is the product obtained by multiplying 0.13% by the portion of the appropriations provided for in the budget for operating expenses that is equal to or greater than $345,000,000 but less than $510,000,000; and
(3)  C is the product obtained by multiplying 0.11% by the portion of the appropriations provided for in the budget for operating expenses that is equal to or greater than $510,000,000.
Where the budget of the municipality provides for appropriations for operating expenses related to the operation of a system of production, transmission or distribution of electric power, 50% only of those appropriations shall be taken into account in establishing the total of the appropriations referred to in the second paragraph.
2001, c. 25, s. 15; 2001, c. 68, s. 5; 2018, c. 82018, c. 8, s. 39.
107.5. The budget of the municipality shall include an appropriation to provide for payment of a sum to the chief auditor to cover the expenses relating to the exercise of the chief auditor’s duties.
Subject to the third paragraph, the appropriation must be equal to or greater than the product obtained by multiplying the total of the other appropriations provided for in the budget for operating expenses by
(1)  0.17% where the total of those appropriations is less than $100,000,000 ;
(2)  0.16% where the total of those appropriations is at least $100,000,000 and less than $200,000,000 ;
(3)  0.15% where the total of those appropriations is at least $200,000,000 and less than $400,000,000 ;
(4)  0.14% where the total of those appropriations is at least $400,000,000 and less than $600,000,000 ;
(5)  0.13% where the total of those appropriations is at least $600,000,000 and less than $800,000,000 ;
(6)  0.12% where the total of those appropriations is at least $800,000,000 and less than $1,000,000,000 ;
(7)  0.11% where the total of those appropriations is at least $1,000,000,000.
Where the budget of the municipality provides for appropriations for operating expenses related to the operation of a system of production, transmission or distribution of electric power, 50% only of those appropriations shall be taken into account in establishing the total of the appropriations referred to in the second paragraph.
2001, c. 25, s. 15; 2001, c. 68, s. 5.