Governor Eats Legislature's Lunch
Today we announced the partial results of a scientific public opinion poll of Vermonters. The survey interviewed 400 randomly selected Vermont residents to measure their feelings towards state leaders, various issues that policymakers are pursuing, and general sentiments about the direction the state is heading.
Read more“What we have found is shocking. Vermonters have very clear opinions on a number of policy differences between the Administration and the Legislature. And consistently the legislature has missed the mark in setting their priorities.”
-Pat McDonald, CFV President
2018 Blog Series: Why Your Property Taxes are Going up
Last week was Governor Scott’s State of the State Address, which seemed to be well received be legislators and commentators on both sides of the isle. However, a few things jumped out at me, one of which was the Governor’s hold-the-line stance on statewide property taxes. Historically, this is difficult to promise. Despite having a statewide system, Vermont property taxes are quite complex in how they impact Vermonters’ actual tax bills.
We actually have three statewide tax rates: residential, income-sensitized, and non-residential. Both the residential and income-sensitized rates are applied to a local multiplier (which is determined by a district’s per pupil spending) while non-residential is a flat statewide rate. To make this even more tricky, the local multiplier that effects residential and income-sensitized rates is calculated using a statewide base that is set by the Legislature. Complicated, isn’t it?
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