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Ways & Means proposal in weighting bill would halt excess spending penalty for FY22-23


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MONTPELIER — The House Ways & Means Committee has added a two-year pause to the excess spending penalty in the education funding formula as part of changes it made to S. 13, a bill establishing a task force to implement new per-pupil weighting factors.
The amendment, offered by committee vice-chair Rep. Emilie Kornheiser, D-Windham 2-1, was unanimously approved by the panel, as well as its amended version of the bill.
S. 13 had already been through the Education Committee and will next stop briefly at Appropriations before being considered on the House floor.
Also added to the bill by Ways & Means were provisions asking the task force to “recommend ways to mitigate the impacts on residential property tax rates and consider tax rate equity between districts,” and consider whether to change or repeal the excess spending threshold altogether. ....

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