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As we ready for Town Meeting on May 16, 2023, the Town will be presenting information every day on different warrant articles.
Article 30: Transfer to Public Works Capital Account for Rolling Stock
This article is requesting to purchase $119,000 in vehicles and equipment with that purchase being funded by Free Cash. These items were not costly enough to qualify as Capital items, and include a mower, dump trailer, compressor and vehicle lift. With the exception of the vehicle lift, these items are replacing items that have outlived their useful life.
As we ready for Town Meeting on May 16, 2023, the Town will be presenting information every day on different warrant articles.
Article 29: Transfer to Capital Stabilization
The Town is requesting to transfer $350,000 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. Currently we are saving money in this account to use to fund the design of projects for Facilities Master Plan 2. At the end of Town Meeting, the Town will have close to $6 million dollars in this account.
To learn more about Stabilization funds visit: https://www.mass.gov/files/documents/2017/09/11/igr17-20.pdf
Join us at the North Andover Historical Society , 800 Massachusetts Ave in North Andover (across from the Common)
Fill a bag for $12!*
We will have a selection of special books individually priced between $1 and $10 – but for all others, you can fill a bag we provide for one flat price!
Friday, 5/5: 4 PM – 7 PM
Saturday, 5/6: 9 AM – 4 PM
Sunday, 5/7: 12 PM – 3 PM
*We provide the bags. You fill them with all the books, movies, music you can fit. Sunday price drops to $10 per bag!
As we ready for Town Meeting on May 16, 2023, the Town will be presenting information every day on different warrant articles.
Article 28: Transfer to Stabilization
The Town is requesting to transfer $299,567 to the Stabilization Account. The Stabilization Account is the Town’s savings account. The Town saves money there to be used in emergencies. 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 over $5,600,000 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
