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
003
:
CITY COUNCIL WITH MAYOR PRESIDING AND CITY COUNCIL
(Cite as: 24 App. V.S.A. ch. 3, § 66)
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§ 66. Annual school appropriations
The City Council shall annually appropriate for the use of schools such sum as shall
be recommended by the Board of School Commissioners within the limitations of section
102 of this charter. In addition, the City Council shall also annually appropriate
for the use of schools one-half of the cash payments to be received by the City in
lieu of taxes from the Electric Light and Water Resources Departments and from any
other source. In computing the schools’ entitlement under the preceding sentence,
only cash payments shall be considered, and any contributions to the City in the form
of free services or municipal rate benefits shall not be deducted from the City’s
one-half share of the cash payments to be received. The school commissioners shall
be responsible for allocating annually sufficient funds for the payment of any principal
and interest due or coming due on City bonds issued for school purposes. The City
may reduce the schools’ share of such cash payments in lieu of taxes to the extent
necessary to meet payments on bonds issued for school purposes not otherwise provided
for by the school commissioners.