Item Coversheet


Town of Arlington, Massachusetts


ARTICLE 76
Warrant Article Title:
APPROPRIATION/LONG TERM STABILIZATION FUND
Warrant Article Text:
To see if the Town will make an appropriation to the Long Term Stabilization Fund in accordance with the provisions of the General Laws, Chapter 40, Section 5B, as amended, or other appropriate provisions of law, determine how the money shall be raised and expended; or take any action related thereto.
Requested by:
 (Inserted at the request of the Finance Committee) 
Report Excerpt:
The Finance Committee recommends that we appropriate a yearly sum in this account for the foreseeable future to both protect the financial position of the Town and reinforce the Town’s bond rating. Last year this was suspended because of uncertainties of the pandemic, but it is now being resumed.  
Vote Language:
That the sum of $100,000 be and hereby is appropriated to the Long Term Stabilization Fund, said sum to be raised by general tax.  
Additional Materials:
Finance Committee Report