144.2. Subject to the terms and conditions determined in the by-law under section 186 of Schedule C, the borough council shall draw up a supplementary budget to make up any anticipated deficit and send it to the executive committee for submission to the city council and adoption.
To raise the revenues provided for in the supplementary budget, the borough council shall adopt, with the supplementary budget, a by-law imposing a special tax on all taxable immovables in the borough, on the basis of their value. The by-law shall come into force on the day on which the city council adopts the supplementary budget.
The city council may not adopt the supplementary budget if a tax account covering the special tax only and identifying it as a consequence of the supplementary budget cannot be sent at least 30 days before the end of the fiscal year.
In such a case, the deficit shall be carried over to the borough budget for the next fiscal year and the borough council must adopt a by-law imposing the special tax described in the second paragraph to raise the revenues required to make up the deficit. The by-law comes into force at the same time as the city budget.
2003, c. 28, s. 41; 2005, c. 28, s. 33.