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H.397 amendment includes one‑time education fund transfers to Barre and Milton for TIF overpayments
Summary
The committee reviewed language directing one‑time transfers from the Education Fund to compensate two municipalities for past education property tax overpayments tied to insufficient retention of tax increment from their tax increment financing (TIF) districts: $437,028 to the city of Barre and $184,451 to the town of Milton.
May 8, 2025 — The H.397 amendment draft reviewed by the Senate Government Operations Committee includes specific, one‑time transfers from the Education Fund to compensate two municipalities for past education property tax overpayments tied to their tax increment financing (TIF) districts.
The amendment text, read aloud to the committee, directs the…
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