Yield Bill News Today

The 2024 session adjourned after 1 a.m. on May 13. Governor Scott has indicated he may veto several bills, including the Yield Bill, which determines statewide property tax rates after

The reality of significant increases in property taxes in fiscal year 2025 is drawing closer for Vermonters following the House of Representative’s vote to send this year’s annual tax yield

The reality of significant increases in property taxes in fiscal year 2025 is drawing closer for Vermonters following the House of Representative’s vote to send this year’s annual tax yield

FRANKLIN COUNTY — This week, the Vermont House passed H.887, or the Yield Bill. It’s routine legislation, but this year, it’s anything but ordinary.

For years, a multitude of factors beyond the control of school districts have been impacting school budgets and tax rates: demographic shifts, pandemic disruptions, the end of federal funding, and

Unemployment insurance bill will increase tax burden for Vermont businesses Without legislative intervention, Vermont businesses will experience an enormous increase in the unemployment insurance tax rate as a result of COVID-19-related claims. A Senate committee has passed a bill to delay that increase, but at the same time also voted to add significant new benefits that will further increase costs to employers. The Unemployment Trust Fund is paid through a UI tax on business owners. Pre-COVID...

Thu, 02/04/2021 - 11:41am meganj By:  Peter Conlon There is a small bill making its way through the Legislature this week that brings good financial news for all Vermonters. Called the Yield Bill, it sets a number that will be used to calculate statewide education property tax rates, and that number is far better than legislators, economists and school officials had imagined when the pandemic began or even a couple of months ago. The result will be education property ...