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House passes yield bill to buy down property taxes over two years after heated floor debate
Summary
The Vermont House passed H.949 to set school tax yields and use one‑time funds to reduce property tax increases over two years; floor amendments proposing a larger single‑year buydown failed and the final third reading passed by roll call 78–61.
Representative Kornheiser (Member from Brattleboro) presented H.949, the annual yield bill that sets homestead and non‑homestead tax rates and prescribes one‑time transfers to reduce property tax increases for fiscal year 2027. The bill uses a mix of one‑time general funds and education fund balances to limit next year’s tax growth, and places $52.55 million in one‑time general funds toward this purpose along with an education fund reserve intended to offset future rates.
Floor debate focused on trade‑offs…
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