An act relating to compensating the City of Barre for overpayment of education property tax increment

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Plain-English Summary

This bill would transfer $150,576 from the state's General Fund to the Education Fund. These funds would then be given to the City of Barre to repay it for overpaying education property taxes between 2021 and 2024. This overpayment happened because Barre's tax increment financing district did not keep enough tax money.

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