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Hooksett leaders outline renewed push to fund Exit 10 sewer infrastructure via TIF
Summary
Town staff and the economic development committee described plans to educate voters and business owners about a proposed bond to extend water and sewer infrastructure to the Exit 10 commercial area after a prior bond failed.
Town staff and members of Hooksett’s economic development and TIF committees outlined plans to restart outreach and education ahead of a proposed bond to extend water and sewer infrastructure to the Exit 10 area.
Town engineer Bruce Thomas said the TIF mechanism allows the town to use captured tax increment from redeveloped parcels to pay debt on infrastructure improvements without a direct tax increase to current taxpayers. Thomas said the town has roughly $2 million in captured increment available and hopes to leverage that into a $10…
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