A.
There shall be a Finance Committee consisting of 15 members
who shall reside in the Town and shall be registered voters therein. Of this
Committee no person holding an elective position or any other position in
Town, other than that of Town Meeting member, shall be eligible to serve on
the Finance Committee. The Town Moderator shall appoint all members of the
Finance Committee, each of whom shall serve a term of three years. It is recommended
that at least two members from each precinct be appointed by the Town Moderator,
to ensure equitable representation. The term of office of each such member
will expire on May 1 unless the annual business meeting of the Town is not
held and dissolved by May 1, in which case such appointments to the Finance
Committee shall not be made until such annual business meeting has been held
and dissolved.
B.
When any member who has served on the Finance Committee
for not less than three consecutive terms shall reach 70 years of age, the
Town Moderator, at the completion of such member's term, may notify him
that thereafter he shall be on the retired list of Finance Committee members.
A member so retired shall attend Finance Committee meetings only when so requested
by its Chairman, to give his advice or suggestions on matters pending before
the Committee. The members so retired shall have no vote at such meetings
as they may attend. Every such retired member shall have the status of and
be referred to as an “honorary member.” The honorary members are
exclusive of the 15 members permitted by law.
In the event of a vacancy on the Finance Committee, the Town Moderator
shall forthwith make an appointment to fill the vacancy for the unexpired
term.
The Finance Committee shall elect its own Chairman and Secretary.
The Finance Committee shall consider all municipal questions relating to appropriations and may consider any municipal questions. It shall hear members of Town departments and citizens of the Town relative to any matter before the Committee and shall make such recommendations as the Committee deems advisable upon all subjects considered by it. It shall submit its recommendations and report to each Town Meeting. See also § 4-7.
