§ 16-4-114 — The total amount appropriated shall not exceed the probable amount of revenue that will be collected during the fiscal year

(b) The governing body of each incorporated town, prior to
adoption of the budget, shall determine the amount of general
taxes necessary to provide for the current expenses of the town
and determine the amount of any special tax or assessment
levies.
(c) After the governing body has passed an ordinance
fixing the amount of taxes necessary as provided by subsection
(b) of this section, the town clerk under the supervision of the
mayor shall certify the amount of money to be collected to the
county clerk.
(d) Repealed by Laws 1985, ch. 152, § 4.
(e) No contract or expenditure shall be made by the
governing body or any committee or member thereof, or any of the
officers of the town, unless an appropriation therefor has been
previously made.
(f) The provisions of this section do not apply to towns
during the first year of their corporate existence.