Committee Discusses Letting School Districts Accept Less Than Full Foundation Funding; Seeks More Modeling on Tax Impacts
A legislative committee reviewed proposals that would let school districts accept a lower percentage of the foundation (EOP) and debated homestead-exemption caps and phasing; members asked staff and fiscal offices for modeling and clearer language before deciding.
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Members of the Education Finance Committee discussed whether some Vermont school districts should be allowed to accept less than 100% of the foundation (often referred to in the meeting as EOP) and the tax and budget consequences of that change.
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