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Council releases remaining captured TIF value, to close South River Road district after final overlay
Summary
The council voted unanimously to release 100% of the 2025 captured assessed value from the South River Road Tax Increment Financing (TIF) district back to the tax roll and to close the district after completion of the final paving overlay; town staff said the district has met its goals and the final overlay is covered by the TIF fund balance.
The Bedford Town Council on Aug. 13 voted 6‑0 to release the full 2025 captured assessed value from the South River Road Tax Increment Financing (TIF) district back to the regular tax rolls and directed staff to close the district following completion of a final paving overlay this fall.
Matthew Menino, the town finance director, summarized the history: the South River Road TIF district was established in December 2010 under RSA 162‑K to spur economic development and…
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