Notice of Public Hearing:
Capital Improvement Plan for Fiscal Years 2025-2029
Including Impact Fee Schedule for Fiscal Year 2025
The Milton Selectboard shall conduct a public hearing at 6:00 p.m. on June 3, 2024, in the Fire Station Training Room at the Milton Fire Department, 47 Bombardier Road and/or by Zoom/teleconference, regarding the proposed Capital Improvement Plan for Fiscal Years 2025 through 2029, which includes the Impact Fee Schedule for the Fiscal Year 2025.
The Capital Improvement Plan (CIP) is a five-year plan that identifies the Town of Milton's highest priority capital expenditure needs. The CIP provides a recommended financing schedule for those priority needs and identifies possible sources of funds.
The Fiscal Year 2025 Impact Fee Schedule identifies capital improvement needs that can be funded by the assessment of impact fees and calculates the impact fee that should be assessed for new development.
The Fiscal Year 2025 Impact Fee rate for residential dwelling units containing two or more bedrooms is proposed to be $4,399 per unit. The Fiscal Year 2025 Impact Fee rate for elderly housing units and residential units containing one-bedroom, including accessory apartments, is proposed to be $3,299 (75% of the full residential impact fee).
Copies of the CIP for Fiscal Years 2025-2029 are available for review at miltonvt.gov, or you may request a copy by contacting the Town Manager's office. All comments and questions may be directed to the Finance Director or Town Manager at 802-893-6655.
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