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Vermont directs $621,479 from Education Fund to refund property tax overpayments in Barre and Milton

Original title: An act relating to refunding property tax overpayments to the City of Barre and to the Town of Milton

Last action · February 11, 2025: Read first time and referred to the Committee on Ways and MeansSponsors: Michael Boutin and 6 others

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Would Do

Vermont requires a total of $621,479 to be transferred from the to the City of Barre and the Town of Milton by 2026 to compensate for property tax overpayments caused by miscalculated financing retentions.

Why it matters

The legislation directly shifts state s to municipal budgets, providing $437,028 to Barre City and $184,451 to the Town of Milton to correct historical tax calculations.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

City of Barre

Receives a financial transfer of $437,028 from the state Education Fund.

Directly affected

Town of Milton

Receives a financial transfer of $184,451 from the state Education Fund.

Directly affected

Education Fund

Must disburse a total of $621,479 to compensate the two municipalities.

Key Facts

  • The State of Vermont will transfer $437,028 from the Education Fund to the City of Barre no later than fiscal year 2026.
  • The transfer to Barre City compensates for education property tax overpayments made in fiscal years 2016 through 2020 due to insufficient tax increment retention.
  • The State of Vermont will transfer $184,451 from the Education Fund to the Town of Milton no later than fiscal year 2026.
  • The transfer to Milton compensates for education property tax overpayments made in fiscal years 2017 through 2023 due to insufficient tax increment retention from the Town Core TIF District fund.
Show all 5 facts
  • The act takes effect upon passage.

Frequently Asked Questions

How much money will the City of Barre receive?
The City of Barre will receive $437,028 from the .
What caused the property tax overpayments in Barre and Milton?
The overpayments resulted from insufficient retention of from each municipality's fund.
When must the funds be transferred to the municipalities?
The funds must be transferred not later than 2026.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

1 action
  1. Feb 11, 2025HouseIntroduced
    Read first time and referred to the Committee on Ways and Means

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Connected Entities

City of Barre, Education Fund, Town of Milton and 2 more
locationCity of Barre“Recipient of education property tax refund”Map →
OrganizationEducation Fund“Source fund for municipal tax refunds”Map →
locationTown of Milton“Recipient of education property tax refund”Map →
otherMilton Town Core TIF District“TIF district in Milton involving overpayments”Map →
otherTax Increment Financing District fund“Source of miscalculated tax increment retentions”Map →

Sources

Open source document

legislature.vermont.gov

Analysis Score

0–100
  • Significance45
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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