Article 48 - Authorize Expenditure of Revolving Funds Under Mass. Gen. Laws c. 44 § 53 E1/2
ARTICLE 48. To determine whether the Town will authorize the total expenditures for the following revolving funds pursuant to Mass. Gen. Laws c. 44, § 53E ½ for the fiscal year ending June 30, 2026, to be expended in accordance with the Town’s Revolving Fund Bylaw; or take any other action relative thereto.
Revolving Fund | Annual Spending Limit |
Ambulance | $1,000,000 |
Regional Housing Services | $ 450,000 |
Road Repair | $ 120,000 |
Senior Services | $ 50,000 |
Tree Preservation | $ 50,000 |
Visitor’s Center & Tourism | $ 100,000 |
Article Explanation
This article authorizes the annual spending limits for each of the Revolving Funds identified above. Spending from these funds may only occur for the stated purposes identified in the Town’s Revolving Fund Bylaw, and only with the approval of the Town Manager.
Article Motion
Ms. Ackerman moves that the Town take affirmative action on Article 48 as printed in the Warrant, with one change: the spending limit for Regional Housing Services is increased from $400,000 to $450,000.
| Article Sponsor | Town Manager |
| Article Public Hearing | Finance Committee - Hearing #3 - May 1, 2025 |
| Article Presentation | Art. 48 - Presentation |
| Article Recommendations | Finance Committee: Affirmative Action
Select Board: Affirmative Action |
| Consent Calendar | No |
Supplemental Materials
| None |