Property Tax Yield Bill (H.887): Senate Finance May 7-10, 2024
Chairwoman Cummings launched the Senate Finance Committee right in on Tuesday morning, explaining that they had drafted an amendment to H.887 the previous day. She reiterated that the Commission on the Future of Education will remain in the bill, but the amendment creates an Education Finance Study Committee who’s work will result in proposed legislation after taking into account “everything that goes into school financing.” The task of this study committee will be to design an “affordable educational funding system designed to ensure substantially equal access to educational opportunities for all Vermont students.”