A $2.2 million tax credit for Bowers Elementary School is expected to reduce the burden on Manchester taxpayers for “net-zero energy” renovations that were completed last year. Manchester officials said in a statement that the tax credit will help to reduce the debt issuance needed for the project, reducing the burden on taxpayers as a result of school renovation plans laid out more than five years ago. In June 2019, voters approved up to $88 million in bonding for the SMARTR2 school renovation project, which encompassed major reworks of three elementary school buildings with a focus on sustainability. Manchester initially allocated $5 million from the town’s reserve fund for the project and ultimately acquired $81 million in bonds for the project, with roughly two-thirds coming from the state’s Construction Grant Program.
https://www.stamfordadvocate.com/journalinquirer/article/ct-manchester-bowers-school-tax-credit-19623012.php