• Auditor praises Vt. action on tax districts
    May 20,2013

    MONTPELIER — Vermont State Auditor Doug Hoffer is praising lawmakers for passing legislation to clean up glitches in the state’s so-called tax increment financing program.

    Tax increment financing is a public financing method that provides communities with a means to fund redevelopment and infrastructure improvements. A community is allowed to borrow money against the future growth in property tax revenue within a designated TIF district that is made possible by the improvements.

    Last year, then-Auditor Tom Salmon issued a report saying that some cities and towns had not handled their TIF districts properly and therefore owed money to the state education fund — a finding disputed by the municipalities.

    Hoffer said the bill passed by lawmakers should clear up ambiguities in the law that likely contributed to the problems.

    MORE IN Vermont News

    BENNINGTON — In a case that started when a 68-year-old resident of the Vermont Veterans... Full Story

    RANDOLPH CENTER — Every farmer knows that eventually the expensive equipment that once... Full Story

    Workshop tears apart puzzle of rusty farm equipment

    RANDOLPH — Police are seeking information following a break-in at an interstate rest stop. Full Story

    More Articles
    • VIDEOS
    • PHOTOS