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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Annually, the General Assembly shall appropriate funds to pay for statewide education spending and a portion of a base education amount for each adult diploma student.
(b) For each fiscal year, the base education amount shall be $6,800.00, increased by the most recent New England Economic Project Cumulative Price Index, as of November 15, for state and local government purchases of goods and services from fiscal year 2005 through the fiscal year for which the amount is being determined, plus an additional one-tenth of one percent.
(c) Annually, each school district shall receive an education spending payment for support of education costs. An unorganized town or gore shall receive an amount equal to its adjusted education payment for that year for each student based on the weighted average daily membership count, which shall not be equalized. In fiscal years 2007 and after, no district shall receive more than its education spending amount.
(c) Annually, each school district shall receive an education spending payment for support of education costs. An unorganized town or gore shall receive an amount equal to its per pupil education spending for that year for each student. No district shall receive more than its education spending amount.
(d) Repealed by 2003, Adj. Sess., No. 130, § 15(5), eff. July 1, 2004.
(e) Repealed by 2017, No. 49, § 29, eff. May 23, 2017.
(f) Annually, the Secretary shall pay to a department or agency that provides an adult diploma program an amount equal to 26 percent of the base education amount for each student who completed the diagnostic portion of the program, based on an average of the previous two years.
(g) The Secretary shall pay to a school district a percentage of the base education amount for each resident student for whom the district is paying a technical tuition to a regional career technical center but who is not enrolled in the district and therefore not counted in the average daily membership of the district. The percentage of the base education amount to be paid shall be the percentage of the student's full-time equivalent attendance at the career technical center multiplied by 87 percent.
(h) The Secretary shall make all payments required by subchapter 5 of chapter 23 of this title.
(i) Annually, by October 1, the Secretary shall send to school boards for inclusion in town reports and publish on the Agency website the following information:
(1) the statewide average district spending per equalized pupil for the current fiscal year and 125 percent of that average spending; and
(2) a statewide comparison of student-teacher ratios among schools that are similar in number of students and number of grades.
(i) Annually, on or before October 1, the Secretary shall send to school boards for inclusion in town reports and publish on the Agency website the following information:
(1) the statewide average district per pupil education spending for the current fiscal year; and
(2) a statewide comparison of student-teacher ratios among schools that are similar in number of students and number of grades.
Cite this article: FindLaw.com - Vermont Statutes Title 16. Education, § 4011. Education payments - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-16-education/vt-st-tit-16-sect-4011/
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