Creation; Education Fund Advisory Committee [Repealed effective July 1, 2034]
32 V.S.A. § 5414
in effect5414. Creation; Education Fund Advisory Committee [Repealed effective July 1, 2034]
(a) Creation. There is created the Education Fund Advisory Committee to monitor Vermont’s education financing system, conduct analyses, and perform the duties under subsection (c) of this section.
(b) Membership. The Committee shall be composed of the following members:
(1) two members of the public with expertise in education financing, who shall be appointed by the Speaker of the House;
(2) two members of the public with expertise in education financing, who shall be appointed by the Committee on Committees;
(3) two members of the public with expertise in education financing, who shall be appointed by the Governor; and
(4) one representative from the Vermont School Boards Association (VSBA) with expertise in education financing, selected by the Executive Director of VSBA.
(c) Powers and duties. Annually, on or before December 15, the Committee shall make recommendations to the General Assembly regarding:
(1) means to adjust the revenue sources for the Education Fund;
(2) means to improve equity, transparency, and efficiency in education funding statewide;
(3) the amount of the Education Fund stabilization reserve;
(4) school district use of reserve fund accounts;
(5) enactment of any updates to weights or categorical aid recommended by the Joint Fiscal Office and the Agency of Education;
(6) the appropriations required to fully fund each school district’s educational opportunity payment under the foundation formula established in 16 V.S.A. chapter 133 for the current and upcoming fiscal year; and
(7) any other topic, factor, or issue the Committee deems relevant to its work and recommendations.
(d) Assistance. The Committee shall have the administrative, technical, and legal assistance of the Department of Taxes and the Agency of Education.
(e) Meetings.
(1) The Commissioner of Taxes shall call the first meeting of the Committee to occur on or before July 15, 2030.
(2) The Committee shall select a chair from among its members at the first meeting.
(3) A majority of the membership shall constitute a quorum.
(f) Compensation and reimbursement. Members of the Committee shall be entitled to per diem compensation and reimbursement of expenses as permitted under section 1010 of this title for up to four meetings per year.
Added 2023, No. 183 (Adj. Sess.), § 11, eff. July 1, 2024; repealed by 2023, No. 183 (Adj. Sess.), § 12, eff. July 1, 2034; amended 2025, No. 73, § 45c, eff. July 1, 2025; 2025, No. 170 (Adj. Sess.), § 85, eff. June 18, 2026.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/32/135/05414Fetched: 10/21/2026