Winooski, Vermont celebrates 20 years of successful tax increment financing (TIF) that has led to 400 housing units, 15 storefronts, and 800 jobs.

Winooski, Vermont, is celebrating the success of its tax increment financing (TIF) program, which has led to significant growth and revitalization in the community over the past 20 years. Since the introduction of TIF in the 1990s, the city has created 400 housing units, 15 new storefronts, and over 800 jobs. Governor Phil Scott and Mayor Kristine Lott highlighted the positive impact of government incentives for private sector investment during a celebratory press conference. However, some critics argue that TIF can be complex and may negatively affect the state's Education Fund.

February 01, 2024
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