This article by Derek Carson originally appeared Feb. 6 in the Bennington Banner.
NORTH BENNINGTON — Last week the North Bennington Prudential Committee warned its FY19 budget, which is expected to lead for lower property tax rates within the district.
In total the budget for the district, which does not operate a school but pays tuition to send its students to other schools, such as the Village School of North Bennington, the Southshire Community School, Hiland Hall School, and Shaftsbury Elementary School, is up 5.48 percent, to a total of $2,710,818. However, the district also saw a greater than six percent increase in its equalized pupil count, which drove per pupil spending, which is used by the state to calculate property tax rate, down.
When that is taken into account, residents of North Bennington should see a 2.3 cent decrease per $100 in appraised property value. For residents of Shaftsbury District 1, that decrease would be 5.04 cents. These numbers could change if the legislature adopts a property yield adjustment other than that which the tax commissioner has recommended. For a resident with a home valued at $200,000, those rates would equate to about $46 in savings in North Bennington and $100.80 in savings in Shaftsbury District 1. This is in addition to any increases or decreases in the municipal property tax rate.
The district is warning a tuition rate for the Village School that is 1.1 percent higher than in FY18 at $14,900 per pupil.
Read full article at the Bennington Banner.
(Fair use with written permission from the New England Newspapers Inc.)