Senate Republicans Jeopardize Education Funding
Contact Name: Marina Altschiller
Phone: (603) 271-3207
CONCORD - Today, Senate Republicans voted in favor of one time, fiscally irresponsible reduction in the Statewide Education Property Tax (SWEPT). The cut, made under the guise of property tax relief, will represent an incredibly small tax reduction for average Granite Staters but could mean over $90 million in decreases to adequacy funding to school districts in 2022.
After the vote, Senator Jay Kahn (D-Keene) issued the following statement in response:
“This harmful measure delivers unnecessary state funding for our most property-rich towns, leaving our poorest school districts, who are already struggling with high property tax rates, to take additional cuts in state education funding. There were more equitable and effective ways to distribute this money and instead Senate Republicans chose to support this one time stunt without any study of the possible consequences.”