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Senator from Chittenden previews two-year cap on education spending growth amid Act 73 overhaul
Summary
The senator from Chittenden reviewed Act 73 and previewed a bill to impose a two-year curve limiting growth in education spending, arguing the current practice of 'buying down' property-tax-driven school budgets is unsustainable and shifts over $2 billion in costs onto the general fund.
The senator from Chittenden delivered a floor statement urging colleagues to contain the rapid growth in education spending and previewed legislation to cap that growth for two years. He framed the measure as an interim step while committees work on longer-term changes to Act 73 and district mapping.
The senator said the state has been "buying down the rate" — using general-fund resources to lower property tax rates set by local school district budgets — and called that…
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