URGENT UPDATE: Major changes are on the horizon for Vermont’s school funding as Superintendent Tim Payne addresses the Select Board about the implications of Act 73. This reform could drastically reshape how education is funded and delivered in the state.
At a crucial meeting on October 16, 2023, Payne outlined the current school funding process, revealing how local budgets can lead to disproportionate tax increases. He stated, “Vermont is a relatively unique system.” With Act 73, which aims to reform education funding, Vermont’s educational landscape may soon look very different.
Payne explained the intricate steps involved in the budget formation process: communities vote on local budgets during town meetings, which are subsequently submitted to the state for funding. However, he warned that the current system might not sustain itself. “Buying down property taxes is good for the moment but probably not sustainable going forward,” he noted, referencing the governor’s recent decision to leverage state surplus funds to alleviate tax burdens.
The urgency of these developments cannot be overstated. Act 73 is not just a policy change; it is a comprehensive plan with significant milestones. By July 2026, new class size minimums will be enforced, while January 2027 will see the establishment of new school districts. By July 2028, a foundation formula will dictate funding per student, eliminating local budget votes.
“This is going to dramatically change the way education is done in Vermont and funded,” Payne asserted. The upcoming months will be critical as the redistricting committee is required to submit new maps by December 1, which will directly influence tax districts and funding allocations.
Payne urged community members to engage with their elected officials about the potential impacts of Act 73. “Some believe this will save us a lot of money, while others see it as a path to equal opportunity for all students,” he explained, emphasizing the wide-ranging effects this reform could have on educational equity and infrastructure.
The conversation surrounding these changes reflects a deep concern for the future of education in Vermont. With the potential for significant shifts in funding and policy, residents are encouraged to stay informed and involved. “A lot is being thrown around,” Payne concluded. “I would encourage folks to follow along, as this will be a pretty different proposal than what we currently do.”
As these developments unfold, the community’s engagement will be vital in shaping the future of education in Vermont. Stay tuned for updates on Act 73 and its implications for local schools and taxpayers.
