App § 711. Bonds
§ 711. Bonds Whenever the City shall vote in the manner prescribed by general law to incur debt by issuance of bonds for the purpose of making improvements, the vote to incur such indebtedness shall authorize the Manager to include in each annual budget a sum sufficient to pay the interest on such indebtedness and […]
App § 712. Warrants for payment
§ 712. Warrants for payment Money shall not be paid out of the City Treasury except on a warrant signed by at least three members of the Council and approved by the City Council, and such approval shall be authenticated by the City Clerk. A full record of all expenditures for all City funds, by […]
App § 713. Tax levy; authority for
§ 713. Tax levy; authority for The City Council shall have the power annually to levy and assess upon the grand list such tax, as set forth in the budget approved by the voters at the annual or a special meeting called for the purpose, and such other tax as may be necessary for the […]
App § 714. Credit of the City for current expenses
§ 714. Credit of the City for current expenses The money raised by taxation and from fines and other lawful sources, including tax increments in excess of sums necessary to pay and secure the City’s tax increment obligations and the costs of managing the City’s tax increment financing district, shall constitute the entire sum from […]
App § 715. Expenditures not to exceed revenues
§ 715. Expenditures not to exceed revenues (a) The City Council shall not exceed in expenditures, except by authority of the legal voters of the City, or to meet obligations imposed by law upon the City, the current revenues of the City during the current fiscal year. If the current revenues of the City shall […]
App § 716. Authority to pledge credit of City
§ 716. Authority to pledge credit of City Whenever the legal voters of the City shall authorize the City Council to pledge the credit of the City for any purpose, the City shall have authority to issue negotiable orders, warrants, notes, or bonds, not to exceed the limit prescribed by law, for which the legal […]
App § 717. Tax classification
§ 717. Tax classification (a) Except for the property of utilities subject to regulation by the Vermont Public Utility Commission, all personal and real property set out in the grand list that is not used as residential property, farmland, and public recreation, conservation, or open space lands shall be classified as nonresidential property and shall […]
App § 718. Tax increment financing
§ 718. Tax increment financing Nothing contained in this Article shall impair, affect, or alter any revenues or sources of revenues now or hereafter existing that are derived from the City’s Tax Increment Financing District created under 2000 Acts and Resolves No. 159, Secs. 37 and 38, as amended by 2003 Acts and Resolves No. […]
App § 719. Local option tax
§ 719. Local option tax (a) If the City Council by a majority vote recommends, the voters of the City may, at an annual or special meeting warned for the purpose, by a majority vote of those present and voting, assess any or all of the following: (1) a one-percent meals and alcoholic beverages tax; […]
App § 901. Personal financial interest
§ 901. Personal financial interest Any City Councilor, officer, or employee who has a substantial financial interest, direct or indirect or by reasons of ownership of stock in any corporation, in any contract with the City or in the sale of any land, material, supplies, or services to the City, or to a contractor supplying […]