DRAFT 2

House Ways and Means Committee

Proposed Plan for A New Education Funding Law, FY 2005

Figures used below based on 2003

GOALS

  1. Reduce the reliance on the property tax to fund education, while not substantially shifting the burden of taxation from one group or class of taxpayers to a different group or class.

  2. Create a sustainable system that is simpler and easier to understand.

  3. Achieve substantial equity without sacrificing local control or cost containment.

  4. Eliminate the divisiveness and controversy surrounding our current education funding law.

  5. Refocus the discussion of education funding back to education outcomes.

FUNDING

RESIDENTIAL PROPERTY

NON RESIDENTIAL PROPERTY

OTHER REVENUE

RESULTS



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us