Article 5

ARTICLE 5

(Appropriation:  Reserve Fund)

To see what sum the Town will vote to appropriate, and also to raise, borrow pursuant to any applicable statute, or transfer from available funds, for the purposes of establishing a Reserve Fund pursuant to Chapter 40 section 6 of the Massachusetts General Laws, to provide for the extraordinary and unforeseen expenditures which may arise during Fiscal Year 2022; said sum not to exceed five (5) percent of the Fiscal Year 2021 tax levy; or to take any other action related thereto.

 

(Select Board)

FINANCE COMMITTEE MOTION:  Moved that Five Hundred Thousand Dollars ($500,000) be raised and appropriated from the Fiscal Year 2022 tax levy and other general revenues of the Town to establish a Reserve Fund for Fiscal Year 2022 pursuant to Chapter 40, section 6 of the General Laws.