Vt. Stat. Ann. tit. 16, § 4032 (2026)
Subchapter 002 : GENERAL STATE FUNDING OF PUBLIC EDUCATION
(Cite as: 16 V.S.A. § 4032)-
§ 4032. Supplemental District Spending Reserve [Effective July 1, 2028 if contingency met]
(a) There is hereby created the Supplemental District Spending Reserve within the Education Fund. Any recapture, as defined in 32 V.S.A. § 5401, paid to the Education Fund as part of the revenue from the supplemental district spending tax imposed pursuant to 32 V.S.A. § 5402(f) shall be reserved within the Supplemental District Spending Reserve.
(b) In any fiscal year in which the amounts raised through the supplemental district spending tax imposed pursuant to 32 V.S.A. § 5402(f) are insufficient to cover payment to each school district of its supplemental district spending, the Supplemental District Spending Reserve shall be used by the Commissioner of Finance and Management to the extent necessary to offset the deficit as determined by generally accepted accounting principles.
(c) Any funds remaining in the Supplemental District Spending Reserve at the close of the fiscal year after accounting for the process under subsection (b) of this section shall be unreserved in the Education Fund for the purpose of decreasing the following year’s statewide education property tax rate. (Added 2025, No. 73, § 43, contingently eff. July 1, 2028.)