The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
TAXATION
(Cite as: 24 App. V.S.A. ch. 3, § 101)
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§ 101. Annual assessment to pay bond interest authorized
The City Council shall at the same meeting and immediately after it gives final approval
to the annual City budget, assess upon the property grand list of said City for the
fiscal year a tax that will be sufficient to pay the interest due and to become due
in such fiscal year on all outstanding bonds of the City so far as such interest payments
are not otherwise provided for, and also sufficient to pay the principal of all such
bonds matured and maturing during such fiscal year, so far as such principal payments
are not otherwise provided for, including provision therefor by refunding, and shall
appropriate in the annual budget for the fiscal year in which such tax is assessed
for the payment of such bond interest and principal such sum as may be required for
that purpose. Such tax shall not be included within the limitations of amount of tax
for City purposes prescribed by section 99 of this charter.