Tax Increment Financing Districts

The Rutland, Vermont Board of Aldermen has approved a Letter of Intent to apply to the state for a Tax Increment Financing, or TIF, district.

Vermont Governor Phil Scott was in Winooski this morning to celebrate the pending closure of the city’s 20-year TIF district.

Governor Peter Shumlin says he wants to forgive about $6 million that the state auditor last year said several Vermont cities and towns owe the state in…