School districts to cope with $40 million hole in state education revenue - Colchester Sun

Vermont’s current year school revenue will be $40 million in the hole, and will be even higher if deferred taxes are unpaid. Here’s what Montpelier, the feds, and local school districts are doing to keep the virtual schoolhouses open.

“State legislators are currently ruminating over some education bills that could affect voting and spending. Until then, should a school budget not be approved before July 1—the start of the fiscal year—districts are able to move forward with 87 percent of the previous year's budget until a new budget is approved. The federal stimulus bill passed on March 27 allocates $31 million for Vermont's Elementary and Secondary Education Emergency Relief Fund, 90 percent of which will be paid directly to Supervisory Unions and bypass the education fund."



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