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VT H0750
Bill
Status
1/22/2026
Primary Sponsor
Charles Kimbell
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AI Summary
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Voter-approved bond payments toward principal and interest are excluded from "education spending" when calculating excess spending for education property tax purposes, removing a previous limitation that applied only to bonds approved before July 1, 2024
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School districts that commence construction before July 1, 2026 are automatically deemed to have "good cause" for starting construction prior to final approval under the State Aid for School Construction Program
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The State Aid for School Construction Program is set to commence on July 1, 2026, and this bill provides a pathway for districts pursuing projects during the current moratorium period
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The excess spending exclusion provision takes effect upon passage, while the construction aid approval provision takes effect July 1, 2026
Legislative Description
An act relating to school districts pursuing school construction projects during the moratorium on State aid
Last Action
Rep. Conlon of Cornwall moved that the Committee on Education be relieved of the bill and that the same be committed to the Committee on Ways and Means, which was agreed to
2/13/2026