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DESCRIPTION: School and Town staff are already working to protect the Town's interest <br /> by systematically dealing with the "Y2K" issue. At press time, a funding request is not <br /> anticipated,but the staffs "Y2K" work is not yet completed. <br /> ARTICLE 39 STABILIZATION FUND <br /> To see if the Town will appropriate a sum of money for the Stabilization Fund in accordance <br /> with Section 5-B of Chapter 40 of the General Laws; determine whether the money shall be <br /> provided by the tax levy, by transfer from available funds, or by any combination of these <br /> methods; or act in any other manner in relation thereto. <br /> (Inserted by the Board of Selectmen) <br /> FUNDS REQUESTED: None <br /> DESCRIPTION: Money may be appropriated into a stabilization fund that may be invested <br /> and the interest may then become part of the fund. The use of these funds may later be <br /> appropriated,by a two-thirds vote at an Annual or Special Town Meeting, for any purpose <br /> for which the town would be authorized to borrow money under Sections 7 and 8 of Chapter <br /> 44 of the General Laws, or for any lawful purpose. <br /> ARTICLE 40 USE OF FUNDS TO REDUCE THE TAX RATE <br /> To see if the Town will appropriate a sum of money from available funds toward the reduction of <br /> the tax rate for the fiscal year; or act in any other manner in relation thereto. <br /> (Inserted by the Board of Selectmen) <br /> FUNDS REQUESTED: Undetermined at press time <br /> DESCRIPTION: This article requests the use of available funds--"free cash"--to reduce the <br /> tax rate. Subject to certain adjustments, "free cash" is surplus revenue less uncollected <br /> overdue real estate and personal property taxes from prior years. <br /> 25 <br />