2013 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 19 CITY OF WINOOSKI
§ 714 Credit of the City for current expenses
19-714. Credit of the City for current expenses
The money raised by taxation, from fines and other lawful sources, including tax increments in excess of sums necessary to pay and secure the City's tax increment obligations and the costs of managing the City's tax increment financing district shall constitute the entire sum from which appropriations and payments are to be made, according to law, by or under the authority of the City Council. The credit of the City may be pledged by the City Council for the purpose of raising funds to meet the current expenses of the City. Such loans shall be paid on or before one year from date thereof. (Added 2013, No. M-9, 3, eff. June 4, 2013.)
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