Budget, Taxation, and Indebtedness

V.S.A. tit. 24 Appendix, ch. 131, subch. 10

in effect

24 App. V.S.A. ch. 131, § 1001 Fiscal year

1001. Fiscal year The fiscal year shall commence on the first day of July and end on the last day of June.

24 App. V.S.A. ch. 131, § 1002 Amount to be raised by taxation

1002. Amount to be raised by taxation Upon passage of the budget by the annual Town meeting, the amounts stated therein as the amount to be raised by property taxes shall constitute a determination of the amount of the levy for the purposes of the Town in the corresponding tax year, and the Selectboard shall levy such taxes on the grand list furnished by the listers for the corresponding tax year.

24 App. V.S.A. ch. 131, § 1003 Taxation

1003. Taxation (a) Taxes on real and personal property shall be paid as voted at annual Town meeting. (b) Taxes may be paid with discount if approved at annual Town meeting. (c) Taxes shall be collected as established by law. (d) Delinquent property taxes shall accrue penalty, interest, fees, and costs to the maximum extent permitted by law, and all such interest fees shall be paid over to the Town Treasurer for inclusion in the General Fund of the Town.

24 App. V.S.A. ch. 131, § 1004 Fees and fines

1004. 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 General Fund of the Town. All fees established by law or ordinance and payable to any Town officer, except those fees payable to the Town Clerk, shall be paid over promptly upon receipt to the Town Treasurer for inclusion in the General Fund of the Town.

24 App. V.S.A. ch. 131, § 1005 Current bonded indebtedness

1005. Current bonded indebtedness Outstanding bonds previously issued by the Village of Plainfield shall be obligations of the Town of Plainfield on and after the effective date of this charter; provided, however, that until fully paid, said bonds shall constitute a general obligation only with respect to that part of the Town formerly comprising the Village of Plainfield, including that portion of said Village within the Town of Marshfield, and that part of the Town of Plainfield presently outside the limits of the Village of Plainfield and now receiving Village water and sewer services. Said bonds shall not constitute a debt or obligation of the Town of Plainfield 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/131Fetched: 10/21/2026