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BRATTLEBORO â School tax bills are no longer projected to increase by as much, thanks to quick work by the Vermont House Ways and Means Committee after reassessing how revenues will affect the Education Fund.
Rep. Emilie Kornheiser, D-Windham-2-1, who serves as vice chairwoman of the committee, said a yield bill that factors into school tax rates usually doesnât change projected rates all that much before they are voted on because state officials have a better grasp on revenues. But this year was different due to the COVID-19 pandemic, which brought about some concern about revenues that was later calmed by new information on how federal aid affected the Education Fund.
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WILMINGTON â As School Board members came closer to finalizing a budget to go to voters, they received estimated spending plans from Twin Valley principals paving the way to getting out of what is referred to as the âpenalty box.â
This budget season involved brainstorming to stop being financially penalized by the state for exceeding a spending threshold, which has been said to be more difficult for smaller or more rural school districts to avoid. Board meetings also have focused on how to use a sizeable surplus or fund balance and present budgets that better reflect Twin Valleyâs number of students.