Vermont School Spending and Property Taxes Going Up

On Monday, Governor Shumlin addressed the issue of property taxes and school spending for next fiscal year, FY 2016.  In summary, school spending is projected to increase by 3.09 percent, requiring a $0.02 increase in residential and non-residential statewide property tax rates.  That compares to rate increase of $.04 in residential and $0.075 in non-residential for FY 15 rates.

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