Rutland 360
6
Stories
1
Writers
Hartford’s TIF district: A case study in downtown renewal
May 28, 2025
Over the last 15 years, Hartford, Vermont, has undergone a quiet but impressive transformation, reflecting the vision of its residents and meeting the needs of the community. Its village center—White River Junction—now hums with new life in the form of boutique shops, a Turkish bakery, seasonal flower stand and even a Prohibition-style restaurant. Powered in…
Paying back the bond: A look at the safety nets
May 14, 2025
A common concern regarding the Rutland City TIF District is: what happens if the development doesn’t generate enough tax revenue to pay back the bond? This week’s article seeks to answer that question, as well as explain some of the safety nets that are in place to make sure the City remains financially secure. By…
The role of public engagement in TIF
April 30, 2025
Before we dive into this week’s theme—public engagement in the TIF district process—we wanted to provide a short update. On Monday, April 21, the Rutland City Board of Aldermen approved a modification to the TIF District, as requested by the Vermont Economic Progress Council (VEPC). With that change in place, VEPC has officially approved the…
TIF isn’t a tax on you, here’s what it is
April 16, 2025
This week, we will explain the “tax” in Tax Increment Financing (TIF), clarifying what the “tax increment” is, how funding flows and who covers the cost for infrastructure improvements. Importantly, TIF does not create new taxes on our residents. Tax increment and the flow of funds First, it’s key to understand that in order for…
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Rutland City TIF District: Where we are and what it means
April 2, 2025
Welcome to the Rutland 360 focus column. Rutland 360 is a collaborative initiative led by a task force that includes the Rutland Redevelopment Authority, the City of Rutland, the Chamber & Economic Development of the Rutland Region, and the Downtown Rutland Partnership. Together, these stakeholders have developed the Rutland TIF District Master Plan, a strategic…
