more on stabilization fund - from ATM 2012;



Article 28. To see if the Town will vote to appropriate a total sum of Four Hundred Ninety-Seven Thousand, Five Hundred Twenty-Three Dollars ($497,523.00) for the Worcester Regional Retirement System assessment; said sum to be provided as follows: the sum of One Hundred Four Thousand, Eight Hundred Twenty-Eight Dollars and Ten Cents ($104,828.10) to be transferred from the Light Department, the sum of Forty-Two Thousand, Seven Hundred Thirty-Seven Dollars and Twenty- 11 Three Cents ($42,737.23) to be transferred from the Water Department, the sum of Thirty-Eight Thousand, One Hundred Sixty Dollars and One Cent ($38,160.01)-to be transferred from the Sewer Department, and the sum of Three Hundred Eleven Thousand, Seven Hundred Ninety-Seven Dollars and Sixty-Six Cents ($311,797.66) to be raised by taxation and/or transferred from the Stabilization Fund, or to take any other action relative thereto. Submitted by the Board of Selectmen

On a motion duly made and seconded the town voted to appropriate a total sum of Four Hundred Ninety-Seven Thousand, Five Hundred Twenty-Three Dollars ($497,523.00) for the Worcester Regional Retirement System assessment; said sum to be provided as follows: the sum of One Hundred Four Thousand, Eight Hundred Twenty-Eight Dollars and Ten Cents ($104,828.10) to be transferred from the Light Department, the sum of Forty-Two Thousand, Seven Hundred Thirty-Seven Dollars and TwentyThree Cents ($42,737.23) to be transferred from the Water Department, the sum of Thirty-Eight Thousand, One Hundred Sixty Dollars and One Cent ($38,160.01)-to be transferred from the Sewer Department, and the sum of One Hundred Seventy-One Thousand, Seven Hundred Ninety-Seven Dollars and Sixty-Six Cents ($311,797.66) to be raised by taxation and/or transferred from the Stabilization Fund.
 Passed Unanimously/May 16 th @ 9:15

It would have to be checked on how much if any money was taken from stabilization and if vote was correct. This was the last Town Meeting for the vender CPA and it was during this time that there was an interim town coordinator for a period of time due to the big recall happening earlier in the year.

posted by Jeff Bennett