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Burlington officials urge clear language to preserve education‑increment split in TIFF extension
Summary
City representatives and the committee discussed ambiguous language in a TIFF extension that left unclear whether the city must change the education increment split; the city urged explicit intent language to extend the existing 25% education payment through 2035 or to combine base taxable values to simplify administration.
David White, who said he represents the City of Burlington as president of White B Real Estate Advisors, told the committee the 2016 TIFF extension for the city's district was intended to carry existing terms forward to 2035 but that the auditor's office believes the statute is ambiguous. "The simplest thing you can do ... would be to explicitly say that the 25% payment ...…
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