Code of Vermont Rules
Agency 22 - DEPARTMENT OF EDUCATION
Sub-Agency 000 - GENERAL
Chapter 025 - SLIDING SCALES CALCULATION
Section 22 000 025 - SLIDING SCALES CALCULATION
Universal Citation: VT Code of Rules 22 000 025
Current through February, 2024
SUBCHAPTER 9400 SLIDING SCALES
9401 Statutory Authority
Sec. 24(b)(1)(B) and (C) of Act 60 of the 1997 Adjourned Session
9402 Purpose
It is the purpose of these rules to provide a method for determining, for FY1999, how much a school district pays into or receives from the education fund in connection with its local education spending in excess of the general state support grant.
9403 Sunset
This rule sunsets on June 30, 1999.
9404 Definitions
9404.1 "Equalized grant list" for both school
district and statewide purposes means the amount that is determined by the
Director of Property Valuation and Review, pursuant to Sec. 100(g) of Act 60 of
the 1997 Adjourned Session, based upon grand list information as reported to
the Director for April 1, 1996.
9404.2 "Nonresidential percentage" means the
percentage of taxable property within a school district determined by the
Director of Property Valuation and Review, pursuant to Sec. 100(g) of Act 60 of
the 1997 Adjourned Session, based upon grand list information as reported to
the Director for April 1, 1996, to be nonresidential property.
9404.3 "Equalized pupil count" for both
school district and statewide purposes means the equalized pupil count which
was determined by the Commissioner of Education as of January 15,
1998.
9404.4 "District average"
means a school district's equalized grand list divided by its equalized pupil
count rounded to the nearest whole dollar.
9404.5 "Statewide average" means the
statewide total equalized grand list divided by the statewide total equalized
pupil count rounded to the nearest whole dollar.
9404.6 "District multiplier" means the
absolute difference between the statewide average and the district
average.
9405 Pay-in
districts pursuant to Sec. 24(b)(1)(B)
9405.1
A school district with an equalized grand list of between statewide average and
$ 15,000.00 per equalized pupil shall pay into the education fund an amount
equal to up to 50% of the revenues raised from its nonresidential property tor
local education spending determined in accordance with the following sliding
scale calculation:
9405.1.1 The sliding scale
factor for any school district shall be determined by subtracting the statewide
average from $ 15,000 and dividing the difference into 0.50, and rounding the
result to eight decimal digits.
9405.1.2 The percentage of revenues raised by
a school district from its nonresidential property for local education spending
shall be determined by multiplying the district multiplier by the sliding scale
factor. The resulting fraction shall further by [be] multiplied by the
nonresidential percentage of the district.
9405.1.3 The amount of revenues raised by a
school district shall be determined by dividing local education spending above
the level of general state support grant by the result of subtracting the
percentage of revenues raised from 100%.
9405.1.4 The amount a district contributes to
the education fund under Sec.
24(b)(1)(B)
shall be calculated by multiplying the amount of revenues the district raised
by the percentage of revenues raised.
9406 Receiving districts pursuant to Sec.
24(b)(1)(C)
9406.1 A school district with an
equalized grand list per equalized pupil which is equal to or less than the
statewide average shall receive a payment from the education fund in an amount
equal to up to 75 percent of the revenues raised from all property taxed within
the school district for local education spending determined in accordance with
the following sliding scale calculation:
9406.1.1 The sliding scale factor shall be
determined by subtracting the lowest district average in the state from the
statewide average and dividing the difference into 0.75, and rounding the
result to eight decimal digits.
9406.1.2 The percentage of revenues raised by
a school district from all property for local education spending shall be
determined by multiplying the district multiplier by the sliding scale
factor.
9406.1.3 The amount of
revenues raised by a school district shall be determined by dividing local
education spending above the level of the general state support grant by the
result of adding the percentage of revenues raised to 100%.
9406.1.4 The amount a school district
receives from the education fund under Sec.
24(b)(1)(C)
shall be calculated by multiplying the amount of revenues raised by the
percentage of revenues raised.
Statutory Authority: 16 V.S.A. §§ 2948(c), 2961, 4011
Disclaimer: These regulations may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.