H.914 is a bill introduced by Representatives Boutin and Waszazak, which aims to address overpayments of education property taxes by the City of Barre. The bill proposes to transfer $150,576.00 from the General Fund to the Education Fund, with the intention of appropriating these funds to the Department of Taxes. This appropriation is specifically designated to compensate the City of Barre for overpayments made during fiscal years 2021 through 2024, which occurred due to insufficient retention of tax increment by the city's tax increment financing district fund.

The bill seeks to ensure that the City of Barre receives the necessary financial support to rectify the overpayment issue, thereby promoting fairness in the taxation process. By facilitating this transfer and appropriation, the bill aims to alleviate the financial burden on the city resulting from the discrepancies in tax increment retention.