True or False: Budget transfers are permitted between library and tax collector accounts in the last 2 months of the budget year.

The statement is false because typically, budget transfers between different categories or accounts, such as those for a library and a tax collector, are governed by strict regulations and policies. In many municipalities, transferring funds between these accounts may not be allowed outright without specific authorization. This is to maintain financial accountability and ensure that funds are allocated according to the approved budgetary plan.

Moreover, at the end of the budget year, there are often more stringent rules that restrict the movement of funds to prevent misallocations or unplanned expenses that could affect the overall financial health of the municipality. Hence, without the option for transfers being expressly permitted as part of established procedures, the correct understanding is that such transfers would generally not occur in the final two months of the budget year.