[Adopted 10-26-1982]
In any case where a resolution or ordinance, if passed, would require the direct expenditure of municipal funds or affect municipal revenue, a fiscal note, including an estimate of the cost or of the revenue impact, shall be appended thereto.
It shall be the duty of the Town Manager to prepare the fiscal note required by this article prior to the Town Council meeting at which action on such resolution or ordinance is proposed, unless excused by the Council.
No resolution or ordinance without a fiscal note, as required by this article, shall be acted upon by the Town Council unless said requirement is dispensed with by a vote of at least 2/3 of the Council.