Scott Administration Proposes Education Property Tax Buydown

Scott administration proposes education property tax buydown

Members of Governor Phil Scott’s administration said buying down another projected property tax increase is necessary for Vermonters on Wednesday. The decision would have to be approved by lawmakers.

Scott administration pitches $75 million buydown to help offset property tax spike

Using one-time money to limit property tax increases has become common in Montpelier, but property taxes have still risen more than 40% on average over the last five years.

Vermont's education tax problem can't rely on bailouts, says governor

MONTPELIER — Gov. Phil Scott said Wednesday it will take more than a $75 million proposal to solve Vermont’s school tax problem.

Scott administration pitches plan to buy down property taxes

The Scott administration says it wants to buy down a forecast 12 percent property tax hike next year to about six percent.