An act relating to homestead property tax yields, nonhomestead rates, and policy changes to education finance and taxation

This bill creates the Education Finance Study Committee to examine ways to make Vermont's public education system more affordable and equitable while maintaining high student outcomes. The committee will consist of state education and tax officials plus six legislators, and it must study issues like school staffing levels, funding models, district consolidation, and spending limits before submitting recommendations as new legislation by December 2024. The bill also allocates $200,000 in fiscal year 2024 to fund the committee's work and establishes a separate Commission on the Future of Public Education to address long-term educational needs. These bodies will work with school administrators, teachers' unions, and other stakeholders to develop policy proposals that could change how Vermont schools are funded and operated.