Milton tax plan approved by state

first_imgThe state has given the Town of Milton a green light for its Tax Increment Financing District, a move that will allow the town to keep some of the property taxes generated by new development to fund infrastructure instead of sending them all to the state.Recently the Vermont Economic Progress Council gave final approval to the Tax Increment Financing (TIF) District Plan after many hours of deliberation that included a meeting in Milton, public comment, and a tour of the town and the proposed TIF District.  This authorization will help the town of Milton undertake and pay for the necessary infrastructure improvements that will foster responsible economic and community development, said Karen Marshall, Chairwoman of VEPC. A TIF district epitomizes sustainable community development, Marshall said. It funds and builds infrastructure improvements that will foster economic prosperity through commerce and creation of new jobs, it fosters thoughtful, well planned community land use and transportation options, and better housing and health outcomes for the people who live and work there.The TIF District was previously approved by the Milton Select Board on September 15, 2008 following public hearings in April and September that year. The residents, planners and select board have been working toward the development of a town core for a number of years, said Milton Town Manager Sandy Miller. The approval of the Town Core TIF District is an important step as we seek to make strategic infrastructure improvements which will help create additional affordable housing and job opportunities.The authorization allows the Town of Milton to use incremental property tax revenues to finance certain public infrastructure projects like roads, lighting and sidewalks, parking, and sewers that will stimulate real property development within the TIF District.That development, in turn, will generate incremental property tax revenues that otherwise would not have been raised to pay for the infrastructure debt.The TIF District Plan approval was conditioned on the exclusion of some parcels that were included in the original TIF District application and the conditional inclusion of other parcels.Also, before any TIF District debt can be incurred, the town must submit a TIF District Financing Plan for VEPC approval which will detail the debt amounts and types of debt instruments that the town will utilize.Then the voters of Milton must approve debt levels and any bonds to be issued by the town for TIF District infrastructure projects. There is still much work to be done and reaping the benefits of this approval will not happen overnight, Miller said. We are appreciative of the thoughtful and thorough process the Vermont Economic Progress Council staff and board members engaged in which led to the approval of our TIF District application.  The TIF District was the first considered under reforms passed by the General Assembly in 2006. To approve the application, the VEPC board determined that: The real property development would not occur or would occur in a significantly different and less desirable manner unless the incremental property tax revenues helped to pay for the public infrastructure. The Town of Milton met several process criteria including public hearings and the development of a TIF District Plan. The Town of Milton approved and pledged the same proportion of incremental municipal property tax revenue as requested of the state. The proposed infrastructure and real property development are compatible with approved municipal and regional development plans and the project has clear local and regional significance for employment, housing, and transportation improvements. The proposed real property development meets one of four location criteria. The infrastructure and real property development will accomplish several public good outcomes, namely new affordable housing and improved and enhanced transportation systems.With a TIF District the value of the properties within the district are frozen at the time of approval by the municipality. All property taxes generated by that original base value continue to go to the municipality and the education fund.For 20 years, the property taxes generated by any increment above that base value are shared, with 75 percent going to the TIF District infrastructure debt and 25 percent going to the municipality and state education fund.The Vermont Economic Progress Council is an independent board consisting of nine Vermont citizens appointed by the governor that considers applications to the state s economic incentive programs.VEPC is attached to the Vermont Agency of Commerce and Community Development, whose mission is to help Vermonters improve their quality of life and build strong communities.For more information, visit: www.thinkvermont.com/vepc(link is external)last_img read more

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History is on the line between France and Spain at EuroBasket

first_img https://images.daznservices.com/di/library/sporting_news/5a/cb/anna-cruz-spain-fiba_gl3n6fxvszcu1n6hpk063o02t.jpg?t=-874955445&w=500&quality=80 Sandrine Gruda once again looked dominant, holding Temi Fagbenle to her lowest point total for the tournament against Great Britain, while scoring 16 points, 10 rebounds and 3 blocks. And the pace and defensive intensity of Olivia Epoupa should cause issues for the Spanish guards.However, Spain has relied on a balanced attack and had five players reach double figures against Serbia. It is needed, as the team is playing without Alba Torrens due to injury, but it is difficult to find any particular weaknesses in the Spanish attack, as Modelo can rotate in a number of players with the required skillset for a particular scenario.The game will take place at 8.30pm local time in Belgrade, Serbia. Good food. Fine wine. And beautiful basketball.Spain and France have been friends and foes, allies and rivals for as long as time began. Similar in many ways and different in others. But at the FIBA Women’s EuroBasket, the two nations will once again return to opposite sides of the divide, in a rematch of the 2017 final that saw Spain beat France 71-55. Her teammate Silvia Dominguez had a similar mentality in the post-game press conference and said: “I don’t want to talk about statistics. Playing tonight in this atmosphere, I don’t know if it was 7,000, at times it looked like more, or felt like more. I want to talk about the heart of this team. Being up throughout the whole game, and in the last minute Serbia going up in score, we kept calm and fought in the game. It’s incredible what we are doing to be back in the final.”However, history hangs over this game. France is desperate to come out on top in the tournament after making its fourth consecutive final without a win, but Spain Head Coach Lucas Mondelo is keen to become the first team since the Soviet Union in 1991 to win back-to-back EuroBasket championships. He said: “It’s been amazing to play in this incredible atmosphere – in this city you can breathe basketball.”He takes particular pride in historical feats – “We were able to beat Turkey in Turkey, France in France, and Serbia in Serbia” – and he understands the tall task that the French will present in this year’s final.For France, Garnier said: “It didn’t matter who we played in the final, because we have to take revenge against Serbia [for beating France in the 2015 final] or Spain [for beating them in the 2017 final].”And her team captain Endene Miyem was keen to get on with the task in hand of taking that final step up to the top of the mountain: “We’re here and we will play in the final again. Hopefully, in the end it will be different this time.”The game will feature focused defensive efforts – as both sides have displayed throughout the tournament – but you can also expect a beautiful game. Marine Johannes has found her form, recording the highest scoring output for her national team in the semifinal.center_img https://images.daznservices.com/di/library/sporting_news/3a/82/marine-johannes-france-fiba_labmxq28g86j1qz8pz5k4kcee.jpg?t=-875099957&w=500&quality=80 France Head Coach Valerie Garnier spoke about how this team has incredible heart going in to the contest with Britain during the semifinal, and was more effusive with praise after beating them to reach the final against Spain. She said: “At the beginning of EuroBasket nobody believed in this French team. It was a young team.“[But] we are a team. Quite often some individual players are very efficient. Sometimes other players are. But I can play with 12 players. Tomorrow I can play with other players and it doesn’t matter.”And on the Spanish side, players and coaches equally spoke about the joy and passion of playing with their national team. Anna Cruz scored 14 points in the semifinal, but explained how important it is for her to have fun: “I think we need to enjoy tomorrow. We are in the final and I don’t know if we’ll play another one. We are always looking ahead to the next day, but we just need to enjoy today. In the end, if we enjoy the game, we will play well.”last_img read more

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