With an eye on savings, voters approved two new stabilization funds and deposited $20,000 into the town’s “rainy day account” at Annual Town Meeting on Monday night.

On the recommendation of Selectmen and the Finance Committee residents authorized taking $200,000 from the “free cash” account (unspent money from the town’s treasury) to offset changes in the Sippican School budget.

Each year, uncertainty on the school’s special education budget leaves town officials guessing.

“These amounts can be very significant,” Selectman Jon Henry said. “This account will be used to level spikes for unanticipated budget increases.”

The second stabilization fund also moved $200,000 from free cash into an account that would be used for future municipal projects.

The town is looking at revamping the Department of Public Works building and upgrading the Marion Town House. Selectman Steve Cushing said creating the account would lead to savings.

“We know there will be substantial future demands on the capital plan,” he said. “The new fund will allow the town to save money over time.” Instead of paying interest on loans, Cushing said some capital expenses would be paid for outright with money from the fund.

Voters also placed $20,000 in the town’s long-established stabilization account, which is 10 percent of the town’s operating budget. The account now totals almost $2 million and is used for unexpected costs, such as covering damage from natural disasters.

Resident Joe Zora questioned the funds and asked if limits would be set on how much money would be placed into the accounts.

Finance Committee Chair Alan Minard said his board would make a recommendation each year based on the nature of the account, but no limits would be set.

“We don’t need $7 million for the school funds, but we might need $7 million to build a bridge to Wareham,” Minard said, giving a hypothetical example.

Zora said he had concerns on how taxpayers would afford the new funds. He described the new funds as “buckets” of money, adding he was trying to drop some cash into his own personal funds.

“I’m trying to get some stabilization funds in two or three buckets of my own, and I can’t seem to get there,” he said.