Item Coversheet


Town of Arlington, Massachusetts


Article 61
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 strongly recommends that Town Meeting continue its long-standing practice of appropriating this amount each year into the Long-Term Stabilization Fund into order to both protect the financial position of the Town and to reinforce the Town’s strong bond rating.
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