**As of February 6th, the Vermont House Ways and Means Committee is considering a modification to the Ed Funding formula which would be effective for FY25. Nothing is finalized as this makes it way through the complete legislative process, However, if this legislation goes into place, the tax rate increase would change. However, at this time, we do not know what that change would be. As soon as we have that information, we will update this page.**
The Superintendent, School Board and City Council have reached out to legislators asking for support:
Superintendent Violet Nichols and Senior Director of Finance and Operations Tim Jarvis appeared at Town Meeting TV to present the FY 25 Budget.
Want to help spread the word about the FY25 Budget?
Budget Scenario Tool
This tool demonstrates the different scenarios the district would explore should this budget not pass
(**Please do not request edit access to this file. It is only available View Only. Make a copy if you would like to edit.)
House Ways and Means Joint Education Committee
Along with superintendents and finance directors from schools around Vermont, Superintendent Nichols provided testimony on the challenges South Burlington is facing this budget season. Her testimony starts at 37:22.
Can I lower my tax rate?
60% of SB homestead owners pay a lower rate by receiving a property tax credit based on household income (below $128,000 for 2023) and home value. To apply for a tax reduction, contact the Vermont Department of Taxes at www.tax.vermont.gov/property/tax-credit or call 802-828-2505