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Proposal would add 2% meals-and-rooms surcharge to fund School Construction Aid special fund; first-year revenue estimated at about $53M
Summary
Committee reviewed a proposal to add a 2% surcharge to the meals-and-rooms tax and dedicate 100% of the revenue to the School Construction Aid Special Fund; staff estimated roughly $53.1M in FY27 (first year) and about $60M in FY28 and urged further data on resident vs. tourist shares.
The Senate Finance Committee reviewed a proposal to add a 2% surcharge to Vermont’s meals‑and‑rooms tax and dedicate all proceeds to the School Construction Aid Special Fund.
Patrick, presenting the measure, said: "This puts a 2% surcharge on the meals and rooms tax base" and explained how the added revenue would be allocated to the special fund created under Act 73. Under current statewide allocations, the committee was reminded, the meals-and-rooms tax…
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