School Budgets, Education Spending, and the Calculation of Property Taxes
The Vermont School Boards Association (VSBA) released a new video to help explain how the education portion of your property taxes is calculated. In a posting earlier this fall, we informed you of the pending shortfall in the State’s Education Fund. This shortfall will likely impact your property taxes next year. School districts are currently building budgets for presentation to the voters at town meetings in March. In Greensboro, voters will be asked to approve three separate budgets: one at town meeting on March 6 for the Greensboro Town School District, which funds preschool education, one for the Lakeview Union Elementary School at its annual meeting on Thursday, March 8, and one by Australian ballot at town meeting for Hazen Union High School. A budget presentation for Hazen Union is currently scheduled for Thursday, February 26 at the high school in Hardwick.
The short video is available below:
I can’t wait to find out how the “voters” decide how my property taxes will be impacted. Must be fun to have a vote..
Just a point of clarification – the education tax rate for non-residents is set by the Vermont State Legislature, not by local voters.