{"data":{"id":"us-vt/24-v.s.a.-app.-ch.-5-1125","jurisdiction":"us-vt","citation":"24 V.S.A. App. ch. 5, § 1125","heading":"Budget surplus and deficit","body":"Unless otherwise disposed of in the manner provided by law or set in reserve by the City Council, any surplus existing at the end of the fiscal year shall be carried forward as revenue in the General Fund for the next ensuing fiscal year. Any deficit existing at the end of the fiscal year shall be liquidated in the manner provided by law.","path":["Title 24 Appendix: Municipal Charters","Chapter 005: City of Montpelier","Subchapter 011: INDEBTEDNESS; SINKING FUND; BONDS AND NOTES FOR IMPROVEMENTS"],"source_url":"https://legislature.vermont.gov/statutes/section/24APPENDIX/005/01125","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:17:06Z","sha256":"f8ab40ab73ffb273e669e72f2e5cfc77538056cc0b3c105985e38b6c3b99523b","source_id":"us-vt","stale":false,"prev":"us-vt/24-v.s.a.-app.-ch.-5-1124","next":"us-vt/24-v.s.a.-app.-ch.-5-1201"},"notice":"GroundRules: Original legal text. Not legal advice."}