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Senate Government Operations Committee hears how Act 57 lets municipal legislative bodies manage unassigned fund balances
Summary
Legislative counsel and VLCT staff briefed the Senate Government Operations Committee on Section 6 of Act 57, explaining that it gives municipal legislative bodies authority to carry forward, invest and spend unexpended voter‑approved budget funds as unassigned fund balances, while preserving open‑meeting and other legal safeguards.
Legislative counsel Tucker Anderson and representatives from the Vermont League of Cities and Towns (VLCT) told the Senate Government Operations Committee that Section 6 of Act 57 grants municipal legislative bodies the authority to place unexpended, voter‑approved budget money into an unassigned fund balance and to carry it forward, invest it and expend it for public purposes established by that body.
Anderson summarized the change as an addition to Title 24 that places unexpended funds under the control of the municipal legislative body. "This section allows monies from a budget approved by the voters ... that are not expended by the end of the municipality's fiscal year shall be under the control and direction of the legislative body of the municipality," he said, explaining the legislative…
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