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

This bill compensates the City of Barre for overpaying education property taxes between 2021 and 2024. It directs a $150,576 transfer from the General Fund to the Education Fund, then appropriates those funds to the Department of Taxes to pay the city. The payment covers overpayments caused by the city’s tax increment financing district retaining less tax revenue than required during those fiscal years. The bill directly affects the City of Barre’s finances by refunding specific overpayments to its general fund.