§ 601. Payment of taxes
(a) Taxes on real and personal property shall be paid in four equal payments, with one-fourth of the annual tax bill for each taxpayer due and payable on August 15, November 15, February 15, and May 15 of each year to the City Treasurer unless otherwise changed by the City Council.
(b) At the close of the fiscal year, any unexpended funds remaining from the City budget may be retained, if approved by vote of the City Council, as an undesignated fund balance for future use. Any funds retained pursuant to this provision shall be limited to an amount not greater than five percent of the City budget. Any amount remaining in excess of five percent in the City budget must be used in the subsequent budget to cut the tax rate. (Amended 2013, No. M-5, § 2, eff. May 13, 2013.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
App § 101. Corporate existence retained
App § 102. General law application
App § 104. General corporate powers
App § 105. Ordinances—subject matter
App § 106. Ordinances; enforcement; adoption
App § 107. Ordinances; adoption process
App § 108. Filing of ordinances
App § 109. Reservation of powers to the City
App § 111. Bonding of City officials
App § 112. Amendment of charter
App § 201. Application of general laws
App § 202. Time of elections and meetings
App § 203. Special City and School District meetings
App § 207. Voting on request of the City Manager
App § 302. Regular meetings; meetings to be public; executive session
App § 303. Special meetings; quorum
App § 304. Role of Council in relation to administrative service appointment of committees
App § 305. Creation or continuation of departments, boards, offices
App § 306. Records of proceedings
App § 307. Powers of City; policy matters; appointment of certain officers
App § 309. Source of appropriations, expenditures
App § 311. Business or contracts between City and City officials or employees
App § 313. Sale or lease of City property
App § 314. Authority to borrow money, issue bonds, pledge credits
App § 315. Compensation of City officials
App § 317. Special assessments
App § 320. Authority to take land
App § 321. Collection of assessments; liens
App § 322. Tax stabilization contract
App § 401. Appointment and qualifications
App § 404. Duties and responsibilities
App § 406a. Capital improvement plan
App § 412. Duties of Treasurer
App § 414. Duties and responsibilities
App § 501. Creation and organization
App § 502. Creation and organization
App § 517. Appointment of Superintendent and principal; compensation; term
App § 602. Penalty and interest
App § 603. Treasurer’s warrant
App § 605. Local sales, rooms, meals, and alcoholic beverages option taxes