Fixing Tax Levy

(1) The governing body shall fix the tax levy for each taxing jurisdiction within the county or municipality: (a) by the later of the first Thursday after the first Tuesday in September or within 30 calendar days after receiving certified taxable values; (b) after the approval and adoption of the final budget; and (c) at levels that will balance the budgets as provided in 7-6-4034. (2) Each levy: (a) must be made in the manner provided by 15-10-201; and (b) is subject to 15-10-420.