Could you take a two cent to talk about what? Because I'm sure people don't. I had to learn it. So what is a foundation formula? How does that mechanism work? We had [a foundation formula] in Vermont and it basically said you had to raise X amount which was on your local tax rate. which was. And then the state would fill in more but basically, the state ensures that you get X amount per student. Right. The state didn't fund it. (01:00–39:29)
CLAIM
Asserts that Vermont previously used a foundation formula tied to local tax rates.
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