MONTPELIER, Vt. (WCAX) – Governor Phil Scott Thursday signed a bill that lawmakers fast-tracked this week to try to address expected soaring property tax bills.
Lawmakers made adjustments that eliminated a cap on tax increases in Act 127 two years ago which partially led to bloated school budgets. It also lets districts push back school budget votes.
The governor said H.850 does not solve the problem and that even if every school board makes budget adjustments, Vermonters are unlikely to avoid significant property tax increases.
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