Recent comments in /f/vermont

BudsKind802 t1_j32l0o1 wrote

There's a 14% excise tax by the state, which made nearly $330k in the first month of legal sales. That money first goes to the VT cannabis control board's budget to backfill costs. After that, 70% goes to the state general fund and 30% goes to substance misuse and prevention.

The VT standard 6% sales tax also made $144k in the first month. That goes to afterschool and summer learning programs.

> lower our income and property tax rates

Property tax is town-based, so a town could add an extra 1% tax to be able to fund some taxes and potential tax relief, but based on the current sales numbers they'd only be making a few thousand for their towns per month.

As far as property tax relief, that's going to be a no. It's a different "bucket" than the general fund.

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