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You are here: Home / 2016 Archive / Article 29: Changes to the Management Information Systems Capital Reserve Fund

Article 29: Changes to the Management Information Systems Capital Reserve Fund

Shall the Town of Hampton vote to raise and appropriate the sum of $0 for the replacing, upgrading and modifying of the existing computer system operated by the IT division under the Finance Department and authorize the withdrawal of $0 from the Management Information Systems Capital Reserve Fund created for that purpose by Article 27 of the 1997 Town Meeting; And To vote, after the foregoing withdrawal of the sum of $0 is made, to maintain the said Management Information Systems Capital Reserve Fund? (Majority vote required.)

 What it means: This Article was nullified at Deliberative Session. Those in attendance decided they did not like the Article. By changing the dollar amount to $0 and changing it to “maintain” the account (as opposed to the original wording to “discontinue” the account) they essentially took it off the docket for voters to approve or disapprove. It won’t matter if the Article passes or fails, the status quo will remain in place.

Fiscal Impact: No tax impact.

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