Legislative committees discussed Vermont’s education finance system this week, emphasizing the complex ties between funding, governance, and education quality, and the need for reforms both to address these challenges and tackle high costs head on.  While awaiting the Governor’s proposed education finance reforms in the January 28 budget address, House and Senate committees reviewed the current funding system, its formula, and potential improvements. 

Elements of the Governor’s proposal were previewed by members of his administration and included simplifying tax structures, recalibrating the Common Level of Appraisal, and ensuring taxpayer capacity aligns with funding obligations. Testimonies from the Department of Taxes and the Agency of Education also emphasized the need for a more streamlined and transparent system. Proposals for statewide teacher contracts and construction aid policies further underscored the need for cohesive, statewide strategies that will reduce costs and increase affordability. 

One proposed funding formula, informed by models from states like Massachusetts and Maine, aims to establish a base funding amount per student, with adjustments for factors like school size, cost of living, and student needs. Legislators discussed implementing the formula in Vermont, focusing on the base amount, property taxes, and teacher compensation. 

Continued, focused dialogue among the legislature, educational leaders, and other stakeholders will be a priority this session. Addressing the large-scale systemic issues is crucial to reforming Vermont’s education system to ensure both affordability and sustainability.