Education

This bill outlines steps to reorganize Vermont's education system by renaming Boards of Cooperative Education Services to Cooperative Educational Service Areas and assigning each supervisory union to a specific regional area. It requires all school districts to join a study committee to evaluate creating unified union school districts and directs the Joint Finance Officer to hire a contractor to analyze how prekindergarten education should be funded. Additionally, the bill amends previous legislation to adjust its effective dates. These changes aim to improve resource sharing and equalize educational opportunities across different regions of the state.

This bill sets specific property tax rates and funding levels for Vermont's 2027 fiscal year, including a nonhomestead property tax rate of $1.698 per $100 of value and specific dollar yields for homestead and income calculations. It also reserves $52.45 million in the Education Fund to help offset potential property tax rate increases in 2028, while correcting a definition related to statewide education tax calculations. The legislation refunds $150,576 to the City of Barre for overpaid education taxes from 2021-2024 and adjusts special education funding grants for inflation starting in 2027. Additionally, it updates how special education census grants are calculated to account for inflation over time.