Act 60 (Vermont law)

[3] The provisions of Act 68 determine an individual district’s education spending as that part of an expenditure budget without a specific funding source.

Each year, the Vermont legislature sets a base amount that a school district will be expected to spend per pupil.

It penalizes districts with education spending per equalized pupil that exceed the threshold by 25%, will be subject to an additional tax rate.

[3] Proponents of the laws can cite success in increasing both spending in previously underfunded districts and student performance at the same time.

The Vermont legislature hired Lawrence O Picus And Associates LLC of California to conduct a study to assess whether the laws had the effect of equalizing spending among towns by factoring out property wealth.

[9] Some critics of Act 60/68 have expressed concern about the disparity of contributions that wealthier towns sometimes make compared to the benefits that they receive through the funding formula.

[10] Killington, Vermont was considering the net effects of the laws on its economy, when in 2012 it established a committee to study tax reform.

As part of its charge, the committee was to study how significantly the state property tax burden has increased since Act 60 was passed in 1997.