Vermont H0178 proposes to refund education property tax overpayments to the City of Barre and the Town of Milton.

Vermont H0178 seeks to refund education property tax overpayments to the City of Barre and the Town of Milton due to miscalculations in tax increment retention. The City of Barre will receive $437,028.00 for overpayments from fiscal years 2016 through 2020, while the Town of Milton will receive $184,451.00 for overpayments from fiscal years 2017 through 2023. The refunds will be transferred from the Education Fund to the respective municipalities by fiscal year 2026.

Vermont H0178 proposes to refund education property tax overpayments to the City of Barre and the Town of Milton.

Vermont H0178 seeks to refund education property tax overpayments to the City of Barre and the Town of Milton due to miscalculations in tax increment retention. The City of Barre will receive $437,028.00 for overpayments from fiscal years 2016 through 2020, while the Town of Milton will receive $184,451.00 for overpayments from fiscal years 2017 through 2023. The refunds will be transferred from the Education Fund to the respective municipalities by fiscal year 2026.