24 App. V.S.A. ch. 401, § 32 Fiscal year
32. Fiscal year
The fiscal year of the District shall commence on July 1 and end on June 30 of each year.
Fiscal Affairs
V.S.A. tit. 24 Appendix, ch. 401, subch. 4
in effect24 App. V.S.A. ch. 401, § 33 Budget appropriation
33. Budget appropriation
(a)(1) Proposed budget. Annually, on or before the first day of December, the Board of Supervisors shall approve and cause to be distributed to the legislative branch of each member municipality for review and comment an annual report of its activities, including a financial statement, and a proposed budget of the District for the next fiscal year. This proposed budget shall include reasonably detailed estimates of:
(A) deficits or surpluses, or both, from prior fiscal years;
(B) anticipated expenditures for the administration of the District;
(C) anticipated expenditures for the operation and maintenance of any District solid waste facilities;
(D) costs of debt service;
(E) payments due on long-term contracts;
(F) payments due to any capital reserve funds;
(G) anticipated revenues from charges for the disposal of solid waste and other sources;
(H) the necessary appropriations to operate and carry out the District’s functions for the next fiscal year;
(I) the proposed assessment, if any, to each member municipality;
(J) such other estimates as the Board of Supervisors shall deem necessary to propose.
(2) The Board of Supervisors shall hold a public hearing on or before the last day of December of each year to receive comments from the legislative bodies of member municipalities and hear all other interested persons regarding the proposed budget. Notice of such hearing shall be given in such manner as the Board may prescribe. The Board of Supervisors shall give consideration to all comments received and make such changes to the proposed budget as it deems advisable.
(b) Budget, adoption, appropriations. Annually, on or before January 15, the Board of Supervisors shall adopt the budget, appropriate the sums that it deems necessary to operate and carry out the District’s functions for the next ensuing fiscal year, determine the assessment of each member municipality, if necessary, for its proportionate share of the sums so appropriated over and above anticipated revenues to the District, and adopt a schedule designating when such assessments, if any, are due and payable by the member municipalities.
(c) Apportionment of assessments. In the event that it becomes necessary to levy assessments on the member municipalities, the assessments shall be apportioned among the member municipalities on the basis of relative quantities of solid waste disposal by each member municipality in a District facility if, in the judgment of the Board of Supervisors, those quantities can be adequately determined, or on the basis of population within each of the member municipalities should the Board conclude that relative waste quantities cannot be adequately determined for each member municipality at the time assessments needed to be levied. Each member municipality shall be assessed a percentage of the sum appropriated equal to the ratio that the waste quantity or population of the member municipality bears to the total waste quantity or population within the District.
(d) Failure of the Board to take any action required by this section by its prescribed deadline shall not constitute grounds for any claim or defense as to the invalidity of any assessment.
24 App. V.S.A. ch. 401, § 34 Collection
34. Collection
Annually, after adoption of the budget by the Board of Supervisors, the Treasurer of the District shall issue and present a warrant to the legislative body of each member municipality requiring the amount of such assessment, if any, be paid to him or her in accordance with the schedule of payments adopted by the Board of Supervisors. The legislative body of each member municipality shall draw an order on the municipal treasurer for the amount of such assessment and the municipal treasurer shall pay to the District Treasurer the amount of such order in accordance with the schedule for payments adopted by the Board of Supervisors. If any member municipality shall fail to pay when due any assessment against it by the District, the District shall be entitled to collect interest on any payment due, from its due date at the maximum rate that the municipality is allowed by law to collect on overdue taxes. Such interest, together with the amount due, court costs, and reasonable attorney’s fees of the District may be recovered by the District in a civil action under this section, notwithstanding the availability of any other remedy available to the District.
24 App. V.S.A. ch. 401, § 35 Limitations of appropriations
35. Limitations of appropriations
Appropriations made by the Board of Supervisors for the various estimates of the budget as defined in subdivision 33(a)(1) of this chapter shall be expended only for such estimates, but by vote of the Board of Supervisors, the budget may be amended from time to time to transfer funds between or among such estimates, except as otherwise limited herein.
24 App. V.S.A. ch. 401, § 36 Indebtedness
36. Indebtedness
(a) Short-term borrowing. The Board of Supervisors may borrow money through the issuance of notes of the District for the purpose of paying current expenses of the District. Such notes must mature within one year. The Board of Supervisors may also borrow money in anticipation of grants-in-aid from any source and any revenues other than assessments through the issuance of notes of the District. Such notes must mature within one year, but may be renewed as provided by general law. The Board of Supervisors may also borrow money in anticipation of assessments to each member municipality in an amount not to exceed 90 percent of the total amount assessed for each year and may issue notes of the District that must mature within one year. The Board of Supervisors may also borrow money in anticipation of bond proceeds that have been authorized as provided in this chapter. These notes shall be issued as provided in 24 V.S.A. chapter 53.
(b) Long-term indebtedness: long-term contracts.
(1) Submission to voters. On a petition signed by at least 10 percent of the voters of the District, the proposition of incurring a bonded debt to pay for public improvements or of authorizing a long-term contract shall be submitted by the Board of Supervisors to the qualified voters thereof at a special meeting to be held for that purpose. In the alternative, when the Board of Supervisors, at a regular or special meeting of the Board of Supervisors called for such purpose, shall determine by vote, that the public interest or necessity demands improvements or entry into a long-term contract, and that the cost of the same will be too great to be paid out of the ordinary annual income and revenue, it shall order the submission of the proposition of incurring bonded debt or of authorizing a long-term contract to the qualified voters of the District at a meeting to be held for that purpose. A “long-term contract” means a contract in which the District incurs obligations for which the costs are too great to be paid out of the ordinary annual income and revenues of the District, in the judgment of the Board of Supervisors. The term “public improvements” shall include improvements that may be used for the benefit of the public, whether or not publicly owned or operated. Bonded debt may be authorized for any purpose permitted by 24 V.S.A. chapter 53, or any other applicable statutes for any purpose for which the District is organized. The Board of Supervisors may not submit to the voters more than twice in the same calendar year the proposition of incurring bonded debt to pay for the same or similar public improvement or of entering the same or similar long-term contract.
(2) Warning of meeting. The warning calling the special meeting of the District to incur bonded debt or to authorize a long-term contract shall state the object and purpose for which the indebtedness or long-term contract is proposed to be incurred or authorized, the estimated cost of public improvements, the amount of bonds proposed to be authorized, and a summary of the terms of any long-term contract proposed to be authorized. The warning shall fix the places where and the date on which the meeting shall be held and the hours of opening and closing the polls. The Board of Supervisors, in consultation with the board of civil authority of each member municipality shall determine the number and location of polling places; provided, however, there shall be at least one polling place in each member municipality.
(3) Notice of meeting. The Clerk of the District shall cause notice of such special meeting to be published in a newspaper of known circulation in the District once a week for three consecutive weeks on the same day of the week, the last publication to be not less than five nor more than 10 days before such meeting. Notice of such meeting shall also be posted in a minimum of three public places within each member municipality at least 30 and not more than 40 days before the meeting and be filed with the Clerk of each member municipality and the Clerk of the District prior to posting.
(4) Authorization. When a majority of all the voters present and voting on the question from all the member municipalities at such special meeting vote to authorize the issuance of bonds or to authorize a long-term contract, the District shall be authorized to issue the bonds or to enter into the long-term contract. The ballots cast in each member municipality shall be commingled and counted by member of the Board of Supervisors with the town clerk from each member municipality or his or her designee. Sections 45 (Australian ballot), 46 (qualifications and registration of voters), 47 (conduct of meetings), 48 (reconsideration or rescission of vote), and 49 (validation of District meetings) of this chapter shall apply to any District meeting called to incur long-term debt or to authorize a long-term contract.
(5) Assessment. The cost of debt service or of payments under a long-term contract shall be included in the annual budget of the District. The applicable provisions of 24 V.S.A. chapter 53 or other enabling law under which debt is incurred or long-term contract authorized shall apply to the issuance of bonds or other evidence of indebtedness by the District and for that purpose the District shall be deemed a “municipal corporation,” the Board of Supervisors shall be deemed a “legislative branch,” and the District Treasurer shall be deemed a “municipal Treasurer” within the purview of that chapter. Bonds or other evidence of indebtedness and long-term contracts shall be signed by the Treasurer and Chair of the Board of Supervisors of the District.
24 App. V.S.A. ch. 401, § 37 Capital reserve fund
37. Capital reserve fund
The Board of Supervisors may establish and provide for a capital reserve fund to pay for public improvements, replacement of worn-out buildings and equipment, and planned and unplanned major repairs of a disposal facility, in furtherance of the purpose for which the District was created. Any such capital reserve fund shall be kept in a separate account and invested as are other public funds and shall be expended for such purposes for which the fund is established. The cost of payments to any capital reserve fund shall be included in the annual budget of the District.
24 App. V.S.A. ch. 401, § 38 Disposal fees
38. Disposal fees
The Board of Supervisors shall establish and periodically adjust charges, including tipping fees, for the purpose of generating revenues from sources other than assessments to member municipalities for the District’s services in the management of solid waste.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/chapter/24APPENDIX/401Fetched: 10/21/2026