HB 675 (2025)

Requires towns to send any excess revenue from the statewide education property tax to the state's Education Trust Fund, rather than keep excess revenue in-town. This bill then modifies the procedure for calculating how much the state sends to each school district for school funding, and increases the total amount of funding each year according to the Consumer Price Index of inflation. Lastly, this bill caps how much local school districts can increase their budget year to year, and requires a 2/3 supermajority vote to exceed that cap.