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City consultant tells Senate Finance existing law already fixes Burlington waterfront TIF but offers drafting tweaks
Summary
David White, Burlington's TIF consultant, told the Senate Finance Committee the statutory baseline and allocation for the Waterfront TIF are clear under Acts 45 (2011) and 134 (2016), but he offered optional drafting language (moving the base to fiscal 1997 and specifying a 75% education-increment retention) to address an auditor's request; the committee will hear the auditor and legislative counsel next.
David White, a consultant to the City of Burlington, told the Senate Finance Committee that the current statute governing Burlington's Waterfront tax-increment financing (TIF) district already sets the baseline year and allocation percentages but that the state auditor had asked the legislature to clarify the record.
"I don't quite understand why we're here," White said in his presentation, noting the rules of statutory construction and a history of legislative action that, in his view, leave the baseline and retention percentages unambiguous. He traced the…
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