Vermont S0283 excludes capital construction costs from "education spending" and allows certain school districts to commence construction before final.

Vermont S0283 modifies the definition of "education spending" to exclude capital construction costs, including those paid by endowments, parental fundraising, federal funds, nongovernmental grants, or other State funds. It also excludes voter-approved bond payments toward principal and interest for bonds approved before July 1, 2024. The bill allows school districts that commence construction before July 1, 2026, to be deemed to have good cause for construction without prior approval.

Vermont S0283 excludes capital construction costs from "education spending" and allows certain school districts to commence construction before final.

Vermont S0283 modifies the definition of "education spending" to exclude capital construction costs, including those paid by endowments, parental fundraising, federal funds, nongovernmental grants, or other State funds. It also excludes voter-approved bond payments toward principal and interest for bonds approved before July 1, 2024. The bill allows school districts that commence construction before July 1, 2026, to be deemed to have good cause for construction without prior approval.