Town Meeting Warrant Article of the Day – Article 22: Transfer to Capital Stabilization
Town Meeting Warrant Article of the Day
The Town is requesting to transfer $413,008 into the Town’s Capital Stabilization Account. The Capital Stabilization account is the town’s savings account to purchase capital items. The purpose of this stabilization fund is to accumulate money in order to purchase larger capital items without relying on debt. To appropriate from the Town’s Stabilization account requires a 2/3rd vote of Town Meeting.
To learn more about Stabilization funds visit: https://www.mass.gov/files/documents/2017/09/11/igr17-20.pdf
OFFICIAL RESULTS ~ June 2, 2020 North Andover Annual Town Election
Benefit Alert: VA Loan Rates are Lowest in Years. Use Your $0 Down Benefit Now.
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June 2, 2020 North Andover Annual Town Election UNOFFICIAL Results
Virtual Town Hall – Q&A for Amazon/Hillwood TIF Agreement, June 9, 2020 at 4:00pm on @NorthAndoverCAM
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- Email questions prior to or during the broadcast to amazontif@northandoverma.gov
- Call in during the broadcast: 978-681-0184
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Local Election Update – Town Clerk Trudy Reid is here with some information. Take a look! Polls are open until 8pm.
Local Election Voting – COVID-19 Compliant
Town Meeting Warrant Article of the Day – Article 21: Transfer to Stabilization
Town Meeting Warrant Article of the Day
The Town is requesting to transfer $20,233 to the Stabilization Account. The Stabilization Account is the Town’s savings account. The Town saves money there to be used in emergency. Some like to refer to the account as the rainy day fund. The Town has financial policies in place that advise the town to maintain 5% of General Fund revenues in the Stabilization Account. After this year’s transfer, the Town will have approximately $5,000,000 in the fund. To appropriate from the Town’s Stabilization account requires a 2/3rd vote of Town Meeting.
To learn more about Stabilization Funds visit: https://www.mass.gov/files/documents/2017/09/11/igr17-20.pdf
northandoverma.gov/townmeeting
Today is the day…. June 2 – Annual Election Day! Vote in person at the @NorthAndoverHS, polls will be open from 7 AM – 8 PM.
