Code of Vermont Rules › Agency 22 - DEPARTMENT OF EDUCATION › Sub-Agency 000 - GENERAL › Chapter 025 - SLIDING SCALES CALCULATION › Section 22 000 025 - SLIDING SCALES CALCULATION

Current through June, 2024
SUBCHAPTER 9400
				SLIDING SCALES
9401 Statutory Authority
Sec.
				  24(b)(1)(B)
				  and (C) of Act 60 of the 1997 Adjourned
				  Session
9402 Purpose
It is the purpose of these rules to provide a method for
				  determining, for FY1999, how much a school district pays into or receives from
				  the education fund in connection with its local education spending in excess of
				  the general state support grant.
9403 Sunset
This rule sunsets on June 30, 1999.
9404 Definitions
9404.1 "Equalized grant list" for both school
				district and statewide purposes means the amount that is determined by the
				Director of Property Valuation and Review, pursuant to Sec. 100(g) of Act 60 of
				the 1997 Adjourned Session, based upon grand list information as reported to
				the Director for April 1, 1996.
9404.2 "Nonresidential percentage" means the
				percentage of taxable property within a school district determined by the
				Director of Property Valuation and Review, pursuant to Sec. 100(g) of Act 60 of
				the 1997 Adjourned Session, based upon grand list information as reported to
				the Director for April 1, 1996, to be nonresidential property.
9404.3 "Equalized pupil count" for both
				school district and statewide purposes means the equalized pupil count which
				was determined by the Commissioner of Education as of January 15,
				1998.
9404.4 "District average"
				means a school district's equalized grand list divided by its equalized pupil
				count rounded to the nearest whole dollar.
9404.5 "Statewide average" means the
				statewide total equalized grand list divided by the statewide total equalized
				pupil count rounded to the nearest whole dollar.
9404.6 "District multiplier" means the
				absolute difference between the statewide average and the district
				average.
9405 Pay-in
				districts pursuant to Sec. 24(b)(1)(B)
9405.1
				A school district with an equalized grand list of between statewide average and
				$ 15,000.00 per equalized pupil shall pay into the education fund an amount
				equal to up to 50% of the revenues raised from its nonresidential property tor
				local education spending determined in accordance with the following sliding
				scale calculation:
9405.1.1 The sliding scale
				factor for any school district shall be determined by subtracting the statewide
				average from $ 15,000 and dividing the difference into 0.50, and rounding the
				result to eight decimal digits.
9405.1.2 The percentage of revenues raised by
				a school district from its nonresidential property for local education spending
				shall be determined by multiplying the district multiplier by the sliding scale
				factor. The resulting fraction shall further by [be] multiplied by the
				nonresidential percentage of the district.
9405.1.3 The amount of revenues raised by a
				school district shall be determined by dividing local education spending above
				the level of general state support grant by the result of subtracting the
				percentage of revenues raised from 100%.
9405.1.4 The amount a district contributes to
				the education fund under Sec.
				24(b)(1)(B)
				shall be calculated by multiplying the amount of revenues the district raised
				by the percentage of revenues raised.
9406 Receiving districts pursuant to Sec.
				24(b)(1)(C)
9406.1 A school district with an
				equalized grand list per equalized pupil which is equal to or less than the
				statewide average shall receive a payment from the education fund in an amount
				equal to up to 75 percent of the revenues raised from all property taxed within
				the school district for local education spending determined in accordance with
				the following sliding scale calculation:
9406.1.1 The sliding scale factor shall be
				determined by subtracting the lowest district average in the state from the
				statewide average and dividing the difference into 0.75, and rounding the
				result to eight decimal digits.
9406.1.2 The percentage of revenues raised by
				a school district from all property for local education spending shall be
				determined by multiplying the district multiplier by the sliding scale
				factor.
9406.1.3 The amount of
				revenues raised by a school district shall be determined by dividing local
				education spending above the level of the general state support grant by the
				result of adding the percentage of revenues raised to 100%.
9406.1.4 The amount a school district
				receives from the education fund under Sec.
				24(b)(1)(C)
				shall be calculated by multiplying the amount of revenues raised by the
				percentage of revenues raised.