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The purpose of a TIF District is to stimulate economic development that brings jobs and new tax dollars to the Town
TIF Districts are established in areas needing significant public investment in public infrastructure, without which new privately funded development or redevelopment cannot or is not likely to occur.
TIF funding supports only improvements on public property such as sidewalks, streets, water/sewer system upgrades, and parks; this is not funding to improve private property.
Incremental tax gains (identified as green in the diagram above) refer to those NEW Town and State property tax monies collected from the NEW development; there are no new taxes on existing properties/businesses.
During the 20-year life of the WRJ TIF District, 75% of the NEW incremental local and state tax gains that come from NEW development in the WRJ TIF District are put in a special TIF fund and used to pay for TIF designated public improvement projects in Downtown WRJ (see figure above); the remaining 25% goes into the Town’s general revenue fund, for town-wide projects and services, and to the State’s education fund.
The money generated to pay for TIF investments is not being taken from the Town’s general revenue fund, will not increase residents' taxes, and is not decreasing investment in public infrastructure elsewhere.
Leran more about Tax Increment Finance, visit the Town of Hartford website:
hartford-vt.org/content/TIF/
Click here to watch a short video that explains how Tif's work.
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HARTFORD GROWTH CENTER
The Town of Hartford's proposed growth center is
2,933 acres (10% of the town) in size. The proposed
growth center includes White River Junction, the
town's designated downtown, along with the traditional
centers of Hartford Village and Wilder.
Click to download sections of the Growth Center Application:
Growth Center Narrative (336kb)
Table of Contents(60kb)
Appendix A (pdf 2.6MB)
Appendix B (pdf 112kb)
Appendix C (pdf 1000kb)
Appendix D (pdf 2MB)
Appendix E (pdf 16.8MB)
NEW WRJ DOWNTOWN
DEVELOPMENT PLANS
PRESENTED TO SELECT BOARD
Presented to Hartford Select Board on January 13... receives overwhelmingly positive reponse!
Download copies of the plans:
Click here to download the pdf of the priority projects
(pdf file 3.2MB)
Click here to download the White River Junction downtown
Schematic Design & Develpment
(pdf file 2.9MB)
Existing Conditions Report for the village of White River Junction
(pdf file 2.3MB)
Download the FINAL DRAFT of the overall Whiter River Junction plan
(pdf file 8MB)
