The stabilization fund is a special account created to provide a reserve for municipal expenditures and/or capital projects. A 2/3's vote of town meeting is required to transfer money to or from the fund.
A special reserve account created to provide for capital improvements which is invested until used. Towns may appropriate into this fund in any year an amount no more than ten percent of the prior year’s tax levy. The outstanding balance in the account cannot exceed 10% of the town’s equalized valuation. Generally it requires a 2/3 vote of town meeting to appropriate money from the Stabilization Fund.
See Federal Co-operative Housing Stabilization Fund.