How Desire Paths can Transform your Branding and Public Relations
How Desire Paths can Transform your Branding and Public Relations
5 Steps to Creating Successful Ads

Burlington’s Downtown TIF District under scrutiny from State Auditor [Video]

Categories
Small Business Funding

The city of Burlington is once again facing questions from the state auditor about how it spends its money.In a report released Tuesday, State Auditor Doug Hoffer said Burlington exceeded the amount of debt that it could take on for downtown infrastructure projects.However, the city disagrees.Hoffer said Burlington had what he called a “misstep” by securing more than $4 million in bond premiums, known as Tax Increment Financing (or TIF), in its downtown district. TIF districts allow municipalities to incur a debt to pay for public infrastructure projects, like the reconstruction of part of St. Paul Street in Burlington.”The way that it works is the city gets to retain a portion of property taxes that otherwise would have gone to the state of Vermont, the education fund, in order to finance that debt, to pay for that debt,” said Jared Carter, a professor at Vermont Law School.The city is now …

How Much Traffic do you Really Need?
How Much Traffic do you Really Need?
12 Steps to Create Videos