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Hooksett EDC launches business and public outreach after TIF bond stalls
Summary
At a regularly scheduled Economic Development Committee meeting, members agreed to form two subcommittees to press for passage of a tax-increment financing (TIF) bond to fund sewer infrastructure to serve the Exit 10 area after prior votes failed.
Members of the Hooksett Economic Development Committee agreed at their meeting to split work into two subcommittees to rally businesses and voters behind a stalled TIF bond intended to finance sewer infrastructure at Exit 10.
The committee said the bond would be paid from tax-increment revenues captured inside the Exit 10 TIF district and would not require a property-tax increase for town residents. Committee members said previous public votes rejected the bond despite that, and they want coordinated outreach to show how sewer availability would enable new development and reduce septic maintenance costs for businesses.
Committe…
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