What is a “Stabilization Fund”?
  • A Stabilization Fund, sometimes called "the rainy day fund" is established to save town money for future use for any legitimate municipal purpose voted on at a Town Meeting. Money added to or taken from the Stabilization Fund requires a 2/3 vote.
  • A Stabilization Fund is designed to accumulate amounts for capital and other future spending purposes, although it may be appropriated for any lawful purpose. A two-thirds vote of the town meeting is required to establish, amend the purpose of, or appropriate money into or from the stabilization fund.

Show All Answers

1. What is a Town Meeting?
2. Does Rutland have Town Meetings?
3. What is an open Town Meeting?
4. Is there a quorum required for Rutland’s Town Meetings?
5. What does Town Meeting decide?
6. What is a moderator?
7. What is a selectman or selectwoman?
8. What does the town clerk do?
9. What is a town counsel?
10. What is a Finance Committee?
11. What does the Finance Committee do?
12. May voters call a special Town Meeting?
13. May a special Town Meeting be called for more than one reason?
14. What is a warrant?
15. When is the warrant available?
16. Who makes up the warrant?
17. What are articles?
18. May voters place articles on the warrant?
19. Are there votes that cannot be taken by voice?
20. What if I think the moderator did not decide correctly a voice vote or an informal show of hands?
21. How do I speak in a debate?
22. What does a “motion to take from the table” mean?
23. I’m not familiar with making motions, how do I make one?
24. How do I call for a vote?
25. What is a reconsideration motion?
26. What’s the difference between adjourning, recessing and dissolving?
27. What does it mean to adjourn “without day”?
28. What is a “Stabilization Fund”?
29. What is “Free Cash”?
30. What is “Raise and Appropriate”?