Towns and counties would face lower stormwater, water, and sewer transfer limits

Towns and counties could transfer less surplus utility money into their budgets. The limit covers municipal utilities regulated by the state utilities board and town or county stormwater utilities. A transfer is allowed only when the utility has surplus revenue available. If enacted, the lower limit would take effect immediately and apply to annual transfers.

Towns and counties could use less money from covered public authorities in their budgets. The limit covers authorities created by a town or county that run sewer, stormwater, or water systems. Only money not assigned to a specific use, or unrestricted earnings, may be used. If enacted, the 3% limit would take effect immediately.

Towns and counties would have to report covered transfers to state local government officials. The rule covers transfers from covered utilities and use of funds from covered water, sewer, or stormwater authorities. The written notice must state how much money was moved. If enacted, the notice requirement would take effect immediately.