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Senate panel reviews overhaul of K-12 funding: new foundation formula, student weights and transition rules
Summary
Senate Appropriations staff walked the committee through H.454’s proposed shift to a foundation formula that replaces the current education payment system with a base amount multiplied by student weights, a five-year funding transition, and a new local supplemental spending tax with an equalization mechanism.
The Senate Appropriations Committee on May 16 examined H.454, the education transformation bill, which would replace Vermont’s current education funding with a foundation-based model that multiplies a fixed base amount by a student-weighted count to determine each district’s Educational Opportunity Payment (EOP).
The proposal sets a base amount of $14,541 per student and creates additive weights for grade level, economic disadvantage, multiple English-language-proficiency tiers, newcomer status, small-school sparsity, and a contingent career-technical-education (CTE) weight. Under the measure, a district’s EOP would equal its weighted long-term membership multiplied by the base amount.
The change aims to make funding “follow the student,” John Ray, Office of Legislative Counsel, told the committee. He…
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