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JFO briefing shows wide property-wealth differences across governor’s five proposed school districts
Summary
A Joint Fiscal Office briefing to a Senate education committee found the administration’s five proposed regional districts vary substantially in property wealth per pupil, a difference that would matter only if revenue-raising changes tie local taxes to district grand lists.
Julia Richter of the Joint Fiscal Office told the Senate education committee that Vermont’s 100% equalized grand list for fiscal year 2025 is about $122.4 billion and that the value is distributed unevenly across the five regional districts proposed in Governor Phil Scott’s education transformation plan.
Richter, the JFO presenter, said the Champlain Valley region holds the largest share of the state’s grand list (39%) while the Northeast Region holds the smallest share (9%). Using Fiscal Year 2025 long-term average daily membership (LTADM) as the pupil count, the Champlain Valley also represents roughly 41% of statewide LTADM and the Northeast about 12%.
The difference in property wealth per pupil across the proposed districts is sizable, Richter said. Depending on whether analysts calculate total, homestead, or non-homestead grand list per pupil, the ratio between the lowest and highest districts ranges from…
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