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VT H0178
Bill
Status
2/11/2025
Primary Sponsor
Michael Boutin
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AI Summary
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Transfers $437,028.00 from the Education Fund to the City of Barre by fiscal year 2026 to refund education property tax overpayments made during FY 2016–2020
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Transfers $184,451.00 from the Education Fund to the Town of Milton by fiscal year 2026 to refund education property tax overpayments made during FY 2017–2023
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Overpayments resulted from miscalculations in the amount of tax increment each municipality was entitled to retain from their Tax Increment Financing (TIF) district funds
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Total refund amount is $621,479.00 combined for both municipalities
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Takes effect upon passage
Legislative Description
An act relating to refunding property tax overpayments to the City of Barre and to the Town of Milton
Last Action
Read first time and referred to the Committee on Ways and Means
2/11/2025