Despite a gaping hole in the education fund, lawmakers set the rate used to calculate property taxes using assumptions local school budget voters had before them in March.
The impact of the economic slowdown on property taxes rates isn’t yet clear, but other sources of revenue into the education fund are slumping.
VTDigger’s first partner story with Politifact examines Gov. Phil Scott’s recent statement that Vermont’s tax system is the most progressive in the country. (It’s not.)
A day after senior administration officials pitched a extraordinary funding plan to keep taxes level, they came in for a hostile reception from committees.
Ways and Means Chair Janet Ancel revised a proposed education tax reform plan because she says it would have harmed low income Vermonters. In response, her panel has instead introduced a new surcharge on the income tax.
The property tax would be lowered, the rebate system would be eliminated and a new income tax would be assessed to support public schools.
Several forces are combining to drive up school taxes in Vermont, and increases are projected to outpace growth in the economy by a wide margin.
When the Vermont College of Fine Arts leases some of its space to the State of Vermont, the City of Montpelier sends a tax bill.
News Release — Vermont Department of Taxes Oct. 2, 2017 Contact: Kate Strousse Executive Assistant Vermont Department of Taxes (802) 828-3763 or [email protected] Montpelier, Vt., October 2, 2017—The Vermont Department of Taxes would like to remind Vermonters that the last date to file a Property Tax Adjustment or Renter Rebate Claim is October 16, 2017. […]
The main focus of the closed-door meetings will be the three bills Scott has vetoed: the budget, property tax and pot legislation.
Mitzi Johnson says her plan would address concerns about teacher benefits that are holding up adjournment. The Senate president wouldn’t comment, while unions rejected it.
The tax commissioner said Monday that last week’s House floor debate was filled with “misinformation” about whether savings under the Scott-backed plan were real.
The Democratic Legislature and Republican Gov. Phil Scott are locked in a battle over health care benefits for teachers. AUDIO interviews with Tim Ashe and Mitzi Johnson.
The House voted 74-73 to support Gov. Phil Scott’s plan to sweep up $26 million in health care savings through the creation of a statewide benefit.