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
011
:
BUDGET
(Cite as: 24 App. V.S.A. ch. 147, § 11.08)
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§ 11.8. Adoption of budget
(a) An annual budget shall become effective after adoption by a majority vote of the Town’s
legal voters present and voting by Australian ballot at the annual Town meeting.
If the voters disapprove the proposed budget at the annual Town meeting, the Selectboard
shall proceed to warn a special Town meeting to be held within 60 days of the annual
meeting, for the purposes of considering the disapproved budget. An informational
meeting regarding the proposed budget shall be held the evening preceding the vote
regarding the budget. The vote shall conform to the procedure in use for votes by
Australian ballot at the regular Town meeting.
(b) After the annual budget has been adopted, the Selectboard shall not make any single
appropriation not set forth in the budget that totals in excess of two percent of
the annual operating budget. Any such appropriation made by the Selectboard shall
only be done if they deem an emergency situation requires such appropriation. Such
emergency appropriations shall be reported to the next annual Town meeting. Any single
appropriation in excess of said two percent shall require prior approval by vote by
Australian ballot at a duly warned Town meeting. The issuance of bonds or notes,
except notes for one year or less or in anticipation of revenue or grants and aid
to be paid within the fiscal year in which issued, shall be authorized by Australian
ballot at the annual or a special Town meeting. Any article in the warning providing
for appropriation of funds in addition to the Selectboard’s budget shall be voted
on by Australian ballot. (Amended 2011, No. M-7, § 2, eff. May 17, 2011.)