Mt. Mansfield Union School District Proposed Tax Rate Update

                Tuesday, April 29^th, the MMU School Board held a budget information meeting in preparation for the May 6^th revote on the Mount Mansfield School District FY15 budget.  At that meeting the calculations shared were based on a proposed 4 cent increase in the statewide property tax of $.98.  That was the recommendation voted out by the full House. Since that time, the Senate Finance committee has been working on that bill (H.884) and their recommendation at this time is that the statewide property tax increase 6 cents to $1.00. The original budget defeated on Town Meeting day had been based on a $1.01 statewide rate (a 7 cent increase). If this 6 cent rate passes the full Senate, the bill will go to a conference committee to determine the final rate. Therefore, it is important to recognize that at this time we do not know if we will end up with a 4, 5 or 6 cent increase in the statewide rate. Please click HERE to see a comparison chart or go to cesu.k12.vt.us budget page.

                A number of people have asked what happens if the budget does not pass on May 6^th? If that happens, the school board must revise the budget again for another revote. However, if a budget is not passed by July 1, we are only authorized to borrow up to 87% of last year's spending level to meet the financial obligations of the school district until a budget is approved. That level of reduction would have serious consequences for the educational programs in the Mount Mansfield School District. Borrowed money has to be paid back, of course, and those payments on the debt would have to be part of the next budget or budgets, further restricting the schools' ability to educate students.

Please Vote on May 6th