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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)

Excess Spending Thresholds by Fiscal Year

The excess spending threshold is suspended FY22 through FY29.

Sec. 5 of Act 59, 2021 (S. 13) and Sec. 8(a) of Act 127, 2022 (S. 287) 

FY 2021 Excess Spending Threshold 

FY2015 statewide education spending per equalized pupil less eligible costs = $13,633 

New England Economic Project CPI15 = 105.8 
New England Economic Project CPI21 = 120.3 
Inflation Adjustment = 1.137 

Base education spending per equalized pupil x inflation adjustment = $13,633 x 1.137 
Base education spending per equalized pupil, adjusted for inflation = $15,501(rounded to zero decimal places) 
Percentage for FY2021 = 121% 
Excess Spending Threshold = $15,501 x 121% 
Excess Spending Threshold FY2021 = $18,756 (rounded to zero decimal places) 

FY 2020 Excess Spending Threshold 

FY2015 statewide education spending per equalized pupil less eligible costs = $13,633 

New England Economic Project CPI15 = 112.8 
New England Economic Project CPI20 = 125.2 
Inflation Adjustment = 1.110 

Base education spending per equalized pupil x inflation adjustment = $13,633 x 1.110 
Base education spending per equalized pupil, adjusted for inflation = $15,133(rounded to zero decimal places) 
Percentage for FY2020 = 121% 
Excess Spending Threshold = $15,133 x 121% 
Excess Spending Threshold FY2020 = $18,311 (rounded to zero decimal places) 

FY 2019 Excess Spending Threshold 

FY2015 statewide education spending per equalized pupil less eligible costs = $13,633 

New England Economic Project CPI15 = 112.7 
New England Economic Project CPI18 = 121.7 
Inflation Adjustment = 1.080 

Base education spending per equalized pupil x inflation adjustment = $13,633 x 1.080 
Base education spending per equalized pupil, adjusted for inflation = $14,724 (rounded to zero decimal places) 
Percentage for FY2019 = 121% 
Excess Spending Threshold = $14,724 x 121% 
Excess Spending Threshold FY2019 = $17,816 (rounded to zero decimal places) 

FY 2018 Excess Spending Threshold 

FY2015 statewide education spending per equalized pupil less eligible costs = $13,633 

New England Economic Project CPI15 = 112.4 
New England Economic Project CPI18 = 118.5 
Inflation Adjustment = 1.054 
Base education spending per equalized pupil x inflation adjustment = $13,633 x 1.054 

Base education spending per equalized pupil, adjusted for inflation = $14,369 (rounded to zero decimal places) 
Percentage for FY2018 = 121% 
Excess Spending Threshold = $14,369 x 121% 
Excess Spending Threshold FY2018 = $17,386 (rounded to zero decimal places) 

FY 2017 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 CPI17 = 117.00 
Inflation Adjustment = 1.063 

Base education spending per equalized pupil x inflation adjustment = $13,143 x 1.063 
Base education spending per equalized pupil, adjusted for inflation = $13,971 (rounded to zero decimal places) 
Percentage for FY2017 = 121% 
Excess Spending Threshold = $13,971 x 121% 
Excess Spending Threshold FY2017 = $16,905 (rounded to zero decimal places) 

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)