Budget and Taxation and Indebtedness

V.S.A. tit. 24 Appendix, ch. 143, subch. 15

in effect

24 App. V.S.A. ch. 143, § 1501 Fiscal year

1501. Fiscal year (a) The fiscal year of the Town shall commence on the first day of July and end on the last day of June. Upon the close of each fiscal year, the Selectboard shall order an audit by an outside firm that the Selectboard chooses for that purpose. The annual audit shall be made available to the general public prior to the annual meeting upon request and upon payment of the Town’s actual and reasonable copying costs. (b) The fiscal year of the Richmond Town School District shall commence on the first day of July and end on the last day of June. The Richmond Town School District shall not have School District auditors. Upon the close of each School District fiscal year, the School Board shall order an audit by an outside firm that the School Board chooses for that purpose. The annual School District audit shall be made available to the general public upon request and upon payment of the Town School District’s actual and reasonable copying costs. Amended 2005, No. M-10 (Adj. Sess.), § 16, eff. May 1, 2006.

24 App. V.S.A. ch. 143, § 1503 Taxation

1503. Taxation All matters pertaining to taxation shall be exclusively controlled by the general law of the State, except as specifically provided as follows: (1) All taxes assessed on real and on personal property shall be due and payable to the Town Tax Collector in four equal installments on August 15, November 15, February 15, and May 15; provided, however, that if any due date is on a Saturday, Sunday, or legal holiday, the due date shall be the next following day that is not a Saturday, Sunday, or legal holiday. Each installment not paid by its due date shall bear interest at the rate of one percent per month or fraction thereof for the first three months, and thereafter at the rate of one and one-half percent per month or fraction thereof. (2) On all taxes not paid by the last tax installment due date, the Collector of Delinquent Taxes shall collect an additional amount equal to eight percent on the amount of the tax owed. This amount shall be in lieu of any amount collected by the Collector of Delinquent Taxes under 32 V.S.A. § 1674 and shall be paid into the Town General Fund. Amended 2005, No. M-10 (Adj. Sess.), § 17, eff. May 1, 2006.

24 App. V.S.A. ch. 143, § 1504 Fees and fines

1504. Fees and fines All fines and penalties payable to the Town by reason of any violation of any law, ordinance, or bylaw shall be paid over promptly upon receipt to the Town Treasurer for inclusion in the appropriate fund of the Town. All fees established by law or ordinance and payable to any Town officer shall be paid over promptly upon receipt to the Town Treasurer for inclusion in the appropriate fund of the Town. Amended 2005, No. M-10 (Adj. Sess.), § 18, eff. May 1, 2006.

24 App. V.S.A. ch. 143, § 1505 Current bonded indebtedness

1505. Current bonded indebtedness Outstanding bonds previously issued by the Village of Richmond shall be obligations of the Town of Richmond on and after the effective date of this charter; provided, however, that until fully paid, said bonds and notes shall constitute a general obligation only with respect to that part of the Town formerly comprising the Village of Richmond and any part of the Town of Richmond presently outside the limits of the Village of Richmond and now receiving Village water and sewer services. Said bonds and notes shall not constitute a debt or obligation of the Town of Richmond, except as specifically provided in this section, and shall be paid only by rates, charges, and assessments levied for water and sewer service within the former Village, and shall be secured as general obligations only by the full faith and credit of the Town as it applies within the former Village. Nothing herein shall be construed as abridging the power of the Town or the Town School District to authorize and issue bonds as provided by the general law of this State.

Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/chapter/24APPENDIX/143Fetched: 10/21/2026