PASSED
in the State House of Representatives
on April 4, 2014, by a vote of 89-51
.
Purpose: To set the statewide education property tax rates for FY2015.
.
Analysis:Those voting YES on H.889 voted in favor of a $62 million property tax increase. Residential property tax rates rise 4¢ (4%) from 94¢ to 98¢ per $100 of assessed value. Nonresidential tax rates rise 7.5¢ (5%) from $1.44 to $1.515 per $100 of value. (See the Joint Fiscal Office Note.)This increase follows a $50 million property tax increase passed in 2013 for FY2014. Without reform, similar increases are projected for the future. (See Related Roll Call Report)
.
As Recorded in the House Journal, Friday, April 4, 2014:“Shall the bill pass? was decided in the affirmative. Yeas, 89. Nays, 51” (Read the Journal, p. 1092-1102.)
The Ethan Allen Institute is Vermont’s free-market public policy research and education organization. Founded in 1993, we are one of fifty-plus similar but independent state-level, public policy organizations around the country which exchange ideas and information through the State Policy Network. Read more...
July 24, 2020 By John McClaughry The Heritage Foundation’s Daily Signal last week published eleven news stories about citizens using a firearm to stop a crime. Here are...
July 21, 2020 By John McClaughry Last Thursday, the Federal Energy Regulatory Commission finalized its updates to the Public Utility Regulatory Policies Act (PURPA), in what the majority...
July 17, 2020 By David Flemming Harper’s Magazine, a long-running monthly magazine of literature, politics, culture, finance, and the arts, is hardly what you would call a ‘politically...
July 16, 2020 by John McClaughry “President Trump [last May] issued an executive order entitled ‘Regulatory Relief to Support Economic Recovery.’ The executive order includes a regulatory bill...
{ 0 comments… add one now }