ERIC Number: ED466029
Record Type: Non-Journal
Publication Date: 2002-Apr
Reference Count: N/A
The Equity, Adequacy and Educational Effects of a Property Tax Redistribution Finance System: Vermont's Act 60.
Mathis, William J.; Fleming, Brenda L.
Vermont's Act 60 is arguably the most equitable school funding system in the nation. However, it is also one of the most controversial. The disputes are primarily focused on the recapture provision that sends excess revenues from property-rich towns to the state's education trust fund. After a 4-year implementation period, the system is now in its second year of full operation. This evaluation addresses the equity effects and the associated educational achievement trends since this reform was implemented. It also discusses the adequacy issues being brought to the forefront as a result of the February 1997 Supreme Court decision ("Brigham versus the State of Vermont") and the reforms. The major findings include equality of tax rates, equality of tax burden, variation in tax rate and spending between towns, and general improvement in state test scores. While controversies remain as well as strong efforts to repeal the recapture portion of the state funding system, Vermont's Act 60 reforms have provided tax-rate and tax-burden equity. Education spending levels have become more equitable and educational test scores have improved across the board with the biggest gains being for the traditionally lowest scoring towns. (Contains 18 endnotes and 5 tables.) (RT)
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Vermont