An act relating to refunding property tax overpayments to the City of Barre and to the Town of Milton

This bill directs the state to refund $437,028 to the City of Barre and $184,451 to the Town of Milton for overpaid education property taxes. The refunds correct miscalculations from 2016-2020 (Barre) and 2017-2023 (Milton) related to how much tax increment each municipality retained from their local tax districts. The funds will come from the state’s Education Fund and must be transferred by fiscal year 2026. The bill specifically addresses past overpayments, not new tax policies.