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Town engineer outlines Exit 10 TIF bond to extend sewer, water and river crossing

Hooksett Budget Committee · January 9, 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

Town engineer Bruce Thomas described Article 3, a proposed tax‑increment financing bond to fund a package of sewer and pump station upgrades and a river crossing in the Exit 10 area. Staff said the project plans to use captured TIF revenues and existing grants rather than new town tax dollars; schedule and easements remain to be finalized.

Bruce Thomas, the town engineer, presented Article 3 and described the Exit 10 TIF district and the infrastructure package the warrant article would fund. "The blue is the Hooksett TIF district," Thomas said, explaining that a TIF captures incremental tax value in a defined area to help fund public improvements. He told the committee the project scope includes a new river crossing, upgrades to an…

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