That was the message at the annual meeting of the Vermont Coalition of Municipalites (VCM) in Rutland on Wednesday when legislative leaders and economists spoke about the fate of the education funding law. It was an afternoon of gloomy statistics probably best summed up by Speaker Walter Freed's (R-Dorset) comments: "We told you so."
When Act 60 was passed, opponents predicted that it would not be sustainable. Now, those predictions are backed up by a report compiled for VCM by Northern Economic Consulting (NEC, publishers of the Vermont Economy Newsletter: http://www.vteconomy.com/. The NEC study found that taxes have soared while education expenses have outstripped inflation, despite a drop in enrollment.
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