You Paid For It: Tax Exemptions and The Education Fund

You Paid For It: Tax Exemptions and The Education Fund

Thousands of non-profits are exempt from paying state property taxes. But as property taxes for others continue to go up, lawmakers are looking at changing that.
Vermont lawmakers are looking for ways to fill the gap in the state's education fund. Right now there's a $70 million difference between the projected budget for next year and what the state has to pay for it.

That means either school budgets need to be cut or property taxes could go up.

But a special committee is looking into a certain group of businesses that currently doesn't have to pay property taxes to see if they could help. To help fund public high schools the state might eventually start taxing universities.

To look at the tax exempt properties in your town visit the Joint Fiscal Office report.

FOX 44's David Hodges investigates the tax exempt rule.
Page: [[$index + 1]]
comments powered by Disqus