Education Finance Reform: Early Discussions By Ways And Means Committee
Vermont State Capital building, Montpelier, VT. Photo: Nicholas Erwin.
discussed by the House Ways and Means Committee for reforming the education funding system:
- making the funding system simpler (it couldn’t be much more complex);
- increasing cost containment
- reviewing and halting the imposition of unfunded mandates on schools;
- capping allowable growth in budgets or per pupil spending;
- more targeted encouragement to school districts to reduce costs;
- review of the goals of the income sensitivity program and its revision;
- considering whether costs of the current use program should be borne by the Education Fund,
- establishing a statewide per-pupil spending amount indexed to inflation, and providing that above a certain amount of excess spending, all increases would be on the municipal property tax base;
- amending the renter rebate program;
- returning unused property tax adjustment funds to the Education Fund unless a seller purchases another residence within three months of the sale;
- moving collection of education taxes to the state; and
- eliminating the income sensitivity program and replacing it with a flat homestead exemption amount.