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.
(Cite as: 24 App. V.S.A. ch. 19, § 714)
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§ 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 which appropriations and payments are to be made,
according to law, by or under the authority of the City Council. The credit of the
City may be pledged by the City Council for the purpose of raising funds to meet the
current expenses of the City. Such loans shall be paid on or before one year from
date thereof. (Added 2013, No. M-9, § 3, eff. June 4, 2013.)