Rising enrollment drives taxes down in North Bennington

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.)

Image courtesy of Wikimedia Commons/Mark Barry

3 thoughts on “Rising enrollment drives taxes down in North Bennington

  1. More students means a lower cost per student.

    The importance of this report cannot be exaggerated!

    School Choice tuitioning, which is the education funding model in North Bennington, has, apparently, succeeded in improving their schools to the point where more and more parents are choosing them because they better meet the needs of their children.

    The same effect has been the case in my Westminster School District’s 7th & 8th grade tuition funded education for decades.

    I suspect researchers will also find that property values will trend higher in these districts as parents move to take advantage of School Choice. And when more families move into a district, the need for additional goods and services will stimulate its local economy.

    If Vermont, as a whole, would only realize that School Choice tuitioning is not only a better education system, it could improve the entire state’s economy.

    • On second thought: you do make an interesting point. If Vermont had no students, the cost to educate them would be zero.

  2. Sounds like reverse logic to me. More students means more money spent – which logically would RAISE taxes

Comments are closed.