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Burlington approves state sales-tax allocation for BTC public improvements at 130 Bank Street

3722417 · February 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Board of Finance approved a budget amendment to accept Vermont sales tax reallocation funds awarded in 2024 for the BTC Public Improvements Project at 130 Bank Street, reducing the city's planned TIF borrowing for the work, officials said.

The Burlington City Board of Finance on Feb. 18 approved a budget amendment to accept a 2024 award of Vermont sales tax reallocation funds for the BTC Public Improvements Project at 130 Bank Street.

The amendment, presented by Bridal Pine, director of the Community and Economic Development Office, and Chapin Spencer, director of Public Works, moves the awarded sales-tax reallocation into the…

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