Town plan includes water system and roadway infrastructure improvements The Vermont Economic Progress Council (VEPC) has approved Killington’s application for a Tax Increment Financing (TIF) District for Killington Road and the Killington Village area. The VEPC board voted on Thursday […]
Category: TIF
Local News, TIF
Size of proposed TIF district in Killington reduced
Town brands ‘Killington Forward’ as overarching plan to accomplish water, road and affordable housing — $62.3 million of infrastructure financed by a combo of sources By Polly Mikula On Monday night, May 2, the town of Killington held its third […]
Local News, TIF
Study: TIF programs increases Ed Fund and economic opportunity
The Vermont League of Cities and Towns (VLCT) released an independent analysis of Vermont’s Tax Increment Financing (TIF) program Tuesday, April 19, that concluded that TIF helps Vermont meet its smart growth goals, promotes long-term planning, and contributes to net-growth […]
Featured, Local News, TIF
Well drilling will determine capacity of Killington’s proposed new municipal water system
By Curt Peterson Two large well-drilling rigs were headed for a water source site behind the Mountain Times offices recently, but the bridge to cross the Ottauquechee River appeared to be strained as the first truck made the trip. The […]
Covid 19 local resource guide, Covid-19 updates, Local News, TIF
Businesses offer housing incentives to attract workers
By Katy Savage Like most business owners, Chris Karr has struggled to find employees in the aftermath of the pandemic. Karr, the owner of six restaurants in Killington, usually employs up to 150 people in the peak season, but when […]
Local News, TIF
Killington town, residents champion TIF, seeking approval
By Polly Mikula The Vermont Economic Progress Council (VEPC) met with the town of Killington and its residents via Zoom Thursday, Jan. 27, for a public hearing on the town of Killington’s tax increment financing (TIF) application. The town hopes […]
Letter, Opinion, TIF
Remarks to VEPC
Dear Editor, Editor’s note: The following letter is an adaptation of the testimony Art Malatzky gave to the Vermont Economic Progress Council (VEPC) on Jan. 27. VEPC is considering the town of Killington’s application to utilize future incremental municipal and […]
Local News, TIF
Killington town answers frequently asked questions about its proposed TIF district
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. […]
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 […]