An act relating to compensating the City of Barre for overpayment of education property tax increment

Summary

The bill moves $150,576 from Vermont’s General Fund into the Education Fund and directs the Department of Taxes to pay the City of Barre. It compensates the city for education property tax overpayments made in fiscal years 2021‑2024 because its tax‑increment financing district did not retain enough increment. The payment corrects the shortfall and helps keep the city’s education funding accurate.

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