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
005
:
TAXATION
(Cite as: 24 App. V.S.A. ch. 151, § 506)
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§ 506. Downtown district; annual budget
The Town Manager shall submit each year an operating budget of anticipated expenditures
and revenues to the Select Board for approval for the next fiscal year. In the event
the Select Board does not approve the budget as submitted, the Select Board shall
immediately return the budget to the Town Manager with its recommendations for the
Town Manager’s reconsideration. Appropriations other than from contributions, grants,
and income shall be raised solely through District taxes that shall be assessed and
collected as a tax on property as provided for in section 508 of this charter. The
Select Board may borrow money in anticipation of District taxes. (Added 2023, No. M-27 (Adj. Sess.), § 2, eff. May 30, 2024.)