Summary
Homeowners in Vermont may see a 12% increase in their property tax bills next fiscal year due to increased education spending and budget issues faced by public schools. Vermont's Tax Commissioner has highlighted the growing financial strain on residents, while state leaders discuss the need for educational and financial reforms.
Key Facts
- Vermont property taxes are expected to rise by about 12% next fiscal year.
- The tax increase is partly due to higher spending on education.
- The per-pupil education spending is predicted to grow by 6.8%, reaching $14,892.
- Vermont's education funding system faces challenges with declining student numbers.
- Property taxes for education have risen nearly 41% over the past five years.
- State leaders are considering reforms to make education more affordable and equitable.
- Without changes, Vermont may struggle to attract young families and support older residents on fixed incomes.
