Editor’s note: After two public meetings, Nov. 29 and Jan. 4, regarding the proposed Tax Increment Financing (TIF) district in Killington, the town has compiled answers to frequently asked questions. These were updated on Jan. 10. At the meeting Jan. […]
Category: TIF
TIF
Seeking public comment: Proposed use of Incremental Property Tax Revenue for Tax Increment Financing District
STATE OF VERMONT Proposed use of Incremental Property Tax Revenue for Tax Increment Financing District, Town of Killington PUBLIC COMMENT INVITED On January 27, 2022, the Vermont Economic Progress Council (VEPC) will meet virtually to begin consideration of an application […]
Letter, Opinion, TIF
Killington taxpayers deserve to know risks, TIF isn’t silver bullet
Dear Editor, Editor’s note: this was submitted as an open letter to the Killington Select Board on Dec. 10. As the Select Board leads the effort to bring a TIF (Tax Increment Financing) District to Killington, it appears obvious that […]
Featured, Local News, TIF
Public learns about proposed TIF district in Killington
Future success of town, businesses, development prospects assessed By Polly Mikula A lack of basic municipal infrastructure is holding the town of Killington back. That was the summary of a presentation by White + Burke Real Estate Advisors to the […]
Local News, TIF
Killington town to spur development, village
$66.5 million investment could net $300 million of growth over the next 10 years By Polly Mikula The town of Killington has drafted a plan to create a tax increment financing (TIF) district to provide transportation and municipal water infrastructure […]
Featured, Local News, TIF
What are tax increment financing (TIF) districts?
State answers frequently asked questions about program designed to spur development through investment in public infrastructure What is a tax increment financing district? Geographically, it is a district, created by a municipality, where public infrastructure is required to encourage private […]
Local News, TIF
Killington Select Board signs Letter of Intent to create TIF district
It’s the first step in a major infrastructure plan to support Killington Village, Killington Road and affordable housing development By Polly Mikula The Killington Select Board approved a Public Infrastructure Tax Incremental Financing (TIF) letter of intent (LOI) at its […]
Breaking News Ticker, Editors Picks, Featured, Local News, TIF
Killington Select Board signs Letter of Intent for TIF
It’s the first step in a major infrastructure plan to support Killington Village, Killington Road and affordable housing development By Polly Mikula The Killington Select Board approved a Public Infrastructure Tax Incremental Financing (TIF) Letter of Intent (LOI) at their […]
Featured, Local News, TIF
Killington resort, town, KPAA reflect on past year, look ahead to ‘normal’ winter
Semi-annual community meeting focuses on future growth, return of events By Polly Mikula KILLINGTON — On Tuesday, Oct. 19, community members gathered at Killington’s Grand Hotel for the semi-annual update from the resort, town and Killington Pico Areas Association (KPAA) […]
Killington, Local News, TIF
Killington Select Board engages TIF consultant
By Curt Peterson The Killington Select Board unanimously authorized execution of a contract engaging White + Burke Real Estate Advisors, Inc. to shepherd the town’s application for approval of a tax increment financing (TIF) district, pending approval by the town’s […]