Bill > H0902

This bill, relating to the City of Barre's charter, proposes to approve amendments that were already voted on and approved by the city's voters on May 13, 2025. Specifically, it allows the City Manager or any councilor authorized by the City Council to sign documents for the sale or lease of City property, in addition to the Mayor. It also modifies how the City handles its "undesignated fund balance," which refers to unspent money from the City budget. Now, after an audit at the end of the fiscal year, the City Council can approve retaining unexpended funds as an undesignated fund balance for future use, but this amount is capped at 10 percent of the City's general fund budget expenses for the most recent fiscal year approved by voters; any funds exceeding this limit must be used to reduce the tax rate in the following year.