Section 17-1728. Town budgets

In  every  such town, the town board shall
  annually, during the month of December, or such other  date  as  may  be
  applicable pursuant to section 17-1729 of this article, prepare and file
  with  the  clerk of such village an itemized statement in writing of the
  estimated revenues and expenditures of such town for the  period  ending
  with  the  next  ensuing  fiscal  year of such village and such itemized
  statement shall be included by the board of trustees of such village  in
  its  next annual estimate, and the amount thereof as finally allowed and
  determined by the said board of trustees shall be included in the budget
  of the said village for the said ensuing fiscal year,  and  included  in
  the general village tax levied during the said year and the several sums
  estimated   for  expenditures  therein  and  the  several  sums  therein
  enumerated as estimated revenues shall be and become applicable  in  the
  amounts therein named for the purpose of meeting such appropriations.