§ 1001. Fiscal year The fiscal year shall commence on the first day of July and end on the last day of June of the following calendar year, unless the Town or School District at their annual meeting shall determine otherwise. (Amended 2021, No. M-16 (Adj. Sess.), § 2, eff. May 31, 2022.)
§ 1002. Preparation and submission of general budget (a) At least 120 days before the date of the regular annual Town and School District meeting, each department or commission head shall submit to the Town Manager, in the case of the Town, and the Superintendent of the School District, in the case of the School […]
§ 1003. Preparation and submission of the capital budget (a) At least 120 days before the date of the regular annual Town and School District meeting, each department or commission head shall submit to the Town Manager, in the case of the Town, and the Superintendent of the School District, in the case of the […]
§ 1004. Savings clause Failure to perform any of the duties specified in section 1002 or 1003 of this charter or failure to perform any such duties within the time limits specified in section 202, 805, 1002, or 1003 of this charter shall not invalidate any action taken at a properly warned annual meeting. (Amended […]
§ 1005. Appropriations The Town and School District shall vote to adopt a budget that shall include the proposed expenditures by each department, in case of the Town, and by State guidelines, in the case of the School District, for the coming fiscal year. (Amended 2021, No. M-16 (Adj. Sess.), § 2, eff. May 31, […]
§ 1006. Amount to be raised by taxation (a) Upon passage of the budget by vote of the Town, the amounts stated therein as the amounts to be raised by property taxes shall constitute determination of the amount of the levy for the purpose of the Town in the corresponding tax year and the Selectboard […]
§ 1007. Budget limitations—borrowing (a) The incurring of bonded indebtedness, the issuing of bonds, the making of temporary loans in anticipation of bond sales, and all other matters pertaining to bonded indebtedness shall be controlled by 24 V.S.A. chapter 53 as applicable. (b) The Town, through the Selectboard, and the School, through the School Board […]
§ 1008. Transfers of Appropriations The Town Manager, in the case of the Town, and the Superintendent, in the case of the School District, may at any time transfer an unencumbered appropriation, balance, or portion between general classifications or expenditures within an office, department, or agency. The Selectboard or School Board of Trustees may, by […]
§ 1009. Taxation Town and School Tax Collection. (1) Commencing on July 1 in all subsequent years, taxes on real and personal property may be paid and shall be accepted in three equal installments payable on the following dates: September 15, February 15, and due in full on May 15. (2) A penalty of eight […]
§ 1010. Investments The Town and School District may invest its money in savings accounts, money market funds, certificates of deposits, U.S. Treasury notes, repurchase agreements, and any other investment to the extent at the time not prohibited by applicable laws. (Amended 2021, No. M-16 (Adj. Sess.), § 2, eff. May 31, 2022.)