What is the primary purpose of sending a copy of the municipal budget to the County Board of Taxation?

The primary purpose of sending a copy of the municipal budget to the County Board of Taxation is to strike the municipal tax rate. This process involves reviewing the budget to ensure that it aligns with the necessary expenditures and revenue projections for the municipality. Once the budget is approved, the County Board uses this information to establish the tax rate that residents will pay. This ensures that funding is appropriately allocated for municipal services and operations based on the approved budget. By reviewing the budget, the County Board can take into account the financial needs of the municipality and the overall fiscal responsibility to set an equitable tax rate for the community.

The other options, while related to municipal finance, do not accurately reflect the immediate purpose of sharing the budget with the County Board. For instance, implementing new tax laws or assessing property values involves different processes and authorities. Allocating state funding is also a separate matter, typically handled by state agencies rather than interacting directly with municipal budget submissions.