ARTICLE 26 — ESTABLISH, DISSOLVE AND APPROPRIATE TO AND FROM SPECIFIED
STABILIZATION FUNDS
To see if the Town will vote to create, amend, dissolve, rename and/or appropriate sums of money to and
from Stabilization Funds in accordance with Section 5B of Chapter 40 of the Massachusetts General Laws
for the purposes of: (a) Section 135 Zoning By-Law, (b) Traffic Mitigation, (c) Transportation Demand
Management/Public Transportation, (d) School Bus Transportation; (e) Special Education, (f) Center
Improvement District; (g) Debt Service, (h)Transportation Management Overlay District, (i) Capital; (j)
Payment in Lieu of Parking; (k) Avalon Bay School Enrollment Mitigation Fund; (l) Visitor Center Capital
Stabilization Fund; (m) Affordable Housing Capital Stabilization Fund; and (n) Water System Capital
Stabilization Fund; determine whether the money shall be provided by the tax levy, by transfer from
available funds, from fees, charges or gifts or by any combination of these methods; and further, to accept
paragraph four of Section 5B of Chapter 40 of the Massachusetts General Laws, dedicating certain fees,
charges, gifts or receipts to a stabilization fund; or act in any other manner in relation thereto. (Inserted by the Board of Selectmen)
This Article proposes to establish, dissolve, and/or fund Stabilization
Funds for specific purposes and to appropriate funds therefrom. Money in those funds may
be invested and the interest may then become a part of the particular fund. These funds
may later be appropriated for the specific designated purpose, by a two-thirds vote of an
Annual or Special Town Meeting, for any lawful purpose.
MOTION
BOS: Unanimous
CEC: Relevant portions, unanimously in support
AC: Not just a housekeeping article, it impacts taxpayers. Unanimous
SC: Unanimous on 26f & 26g
VOTE OF TOWN MEETING (2/3 majority)
YES: 136
NO: 0
ABSTAIN: 2
MOTION PASSES
We are adjourned until Wednesday, April 11 7:30 PM
ADJOURNED AT 9:50 PM
Personal blog, written from my various perspectives: parent; elected Lexington Town Meeting Member (2006-2021); issues advocate and activist; board member Media Literacy Now (2013-2020), Progressive Democrats of Mass, and Parent Representative on the Massachusetts Board of Elementary and Secondary Education. Older posts go back to Lexington School Committee (2009-2014) and Massachusetts PTA President days (2008-2012). Blog content mine, unless otherwise attributed. All comments moderated.