Excess Spending Threshold

Under Act 68, a district with an education spending amount per equalized pupil (less approved construction costs and other specific exclusions) greater than the excess spending threshold incurs an additional tax for the amount over the threshold. The threshold amount is calculated annually using statewide data from the prior fiscal year, multiplied by a given percentage. (16 V.S.A. § 4001)

FY 2016 Excess Spending Threshold

FY2014 statewide education spending per equalized pupil less eligible costs = $13,143

New England Economic Project CPI14 = 110.5
New England Economic Project CPI15 = 116.9
Inflation Adjustment = 1.058

Base  education spending per equalized pupil x inflation adjustment = $13,143 x 1.058
Base  education spending per equalized pupil, adjusted for inflation = $13,905 (rounded to zero decimal places)
Percentage for FY2016 = 123%
Excess Spending Threshold = $13,905 x 123%
Excess Spending Threshold FY2016 = $17,103 (rounded to zero decimal places)

FY 2015 Excess Spending Threshold

FY2014 statewide education spending per equalized pupil less eligible costs = $13,143.01
Percentage for FY2015 = 123%
Excess Spending Threshold = $13,143.01 x 123%
Excess Spending Threshold FY2015 = $16,166 (rounded to zero decimal places)

FY 2014 Excess Spending Threshold

 FY2013 statewide education spending per equalized pupil less eligible costs = $12,365.09
 Percentage for FY2014 = 125%
 Excess Spending Threshold = $12,365.09 x 125%
Excess Spending Threshold FY2014 = $15,456 (rounded to zero decimal places)

FY 2013 Excess Spending Threshold

 FY2012 statewide education spending per equalized pupil less approved construction costs = $11,872.55
Percentage for FY2013 = 125%
Excess Spending Threshold  = $11,872.55 x 125%
Excess Spending Threshold FY2013 = $14,841 (rounded to zero decimal places)

FY 2012 Excess Spending Threshold

FY2011 statewide education spending per equalized pupil less approved construction costs = $11,786.63
Percentage for FY2012 = 125%
Excess Spending Threshold = $11,786.63 x 125%
Excess Spending Threshold FY2012 = $14,733 (rounded to zero decimal places)

Contact Us

Vermont Agency of Education
Secretary Rebecca Holcombe
219 North Main Street, Suite 402
Barre, VT 05641

(802) 479-1030 | aoe.edinfo@vermont.gov
Staff Directory | Division Phone Numbers

Connect with Us

Twitter icon
Facebook icon
Instagram icon
Google+ icon
YouTube icon
RSS icon

all-mega-footer-events-list

all-pages-mega-footer-website-policies

all-pages-crisis-text-line

all-mega-footer-news

all-pages-mega-footer-nondiscrimination

all-mega-footer-mandated-reporter