Vt. Stat. tit. 24A § 217-401
All the territory embraced within the limits of the Village is hereby constituted a highway district of the Town of Derby, and three-fourths of all highway taxes assessed upon the ratable estate in the highway district shall be paid in money by the Selectboard of the Town of Derby to the Treasurer of the Village to be used and applied by the Trustees in building, repairing, and sustaining the highways, streets, walks, alleys, sidewalks, and lanes; and if any portion of the tax so paid into the treasury of the Village in the judgment of the Trustees shall not be needed for the purposes specified in this section, the same may, in the discretion of the Trustees, be expended in improving, beautifying, or lighting the streets or commons of the Village, and no highway surveyor shall be required or chosen by the Town for said Village. The tax shall be paid over by the Selectboard on or before the first day of July in each year.
24 Appendix V.S.A. § 217-401