§ 4030. Data submission; corrections
§ 4030. Data submission; corrections (a) Upon discovering an error or change in data submitted to the Secretary for the purpose of determining payments to or from the Education Fund, a school district shall report the error or change to the Secretary as soon as possible. Any budget deficit or surplus due to the error […]
§ 4031. Unorganized towns and gores
§ 4031. Unorganized towns and gores (a) For a municipality that, as of January 1, 2004, is an unorganized town or gore, its education property tax spending adjustment under 32 V.S.A. § 5401(13) shall be one for purposes of determining the tax rate under 32 V.S.A. § 5402(a)(2). (b) For purposes of a claim for […]
§ 4025. Education Fund
§ 4025. Education Fund (a) The Education Fund is established to comprise the following: (1) all revenue paid to the State from the statewide education tax on nonhomestead and homestead property under 32 V.S.A. chapter 135; (2) [Repealed.] (3) revenues from State lotteries under 31 V.S.A. chapter 14 and from any multijurisdictional lottery game authorized […]
§ 4026. Education Fund budget stabilization reserve; creation and purpose
§ 4026. Education Fund budget stabilization reserve; creation and purpose (a) It is the purpose of this section to reduce the effects of annual variations in State revenues upon the Education Fund budget of the State by reserving certain surpluses in Education Fund revenues that may accrue for the purpose of offsetting deficits. (b) There […]
§ 4027. Education Fund transfer amounts
§ 4027. Education Fund transfer amounts (a) [Repealed.] (b) Annually, on or before June 1, each superintendent shall report to the Agency, on a form prescribed by the Secretary, each education budget that was adopted by May 1 for the following fiscal year by the member districts of the supervisory union and for which no […]
§ 4028. Fund payments to school districts
§ 4028. Fund payments to school districts (a) On or before September 10, December 10, and April 30 of each school year, one-third of the adjusted education payment under section 4011 of this title shall become due to school districts, except that districts that have not adopted a budget by 30 days before the date […]
§ 4029. Use of funds for education
§ 4029. Use of funds for education (a) Funds received by a school district may be used only for legitimate items of current education expense and shall not be used for municipal services. (b) Funds received by a municipality other than a school district may not be used directly or indirectly for education expenses. (c) […]
§ 4014. Early education
§ 4014. Early education (a) The Secretary may grant funds for voluntary early education programs. The funds may be used for personnel costs, training of parents and staff, materials and educational equipment, and other costs related to early education programs. (b) The Secretary shall solicit proposals for early education programs from community organizations serving young […]
§ 4015. Small school support
§ 4015. Small school support (a) In this section: (1) “Eligible school district” means a school district that: (A) operates at least one school with an average grade size of 20 or fewer; and (B) has been determined by the State Board, on an annual basis, to be eligible due to either: (i) the lengthy […]
§ 4015. Merger support for merged districts
§ 4015. Merger support for merged districts (a) A school district that was voluntarily formed under 2010 Acts and Resolves No. 153, 2012 Acts and Resolves No. 156, or 2015 Acts and Resolves No. 46, each as amended, and received a merger support grant shall continue to receive that merger support grant, subject to the […]