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HomeMy WebLinkAboutAgenda - City Council - 01/08/2024 - Special MeetingSPECIAL CITY COUNCIL MEETING AGENDA January 8, 2024 Participation Options In Person: 180 Market Street, Main Floor, Auditorium Assistive Listening Service Devices available upon request Electronically: https://meet.goto.com/SouthBurlingtonVT/specialcitycouncilmeeting01-08- 2024 You can also dial in using your phone. 1 (872) 240-3212 Access Code: 839-876-141 Regular Session 6:30 p.m. 1.Pledge of Allegiance (6:30 p.m.) 2.Instructions on exiting building in case of emergency and review of technology options – Jessie Baker, City Manager (6:31–6:32 p.m.) 3.Agenda Review: Additions, deletions or changes in order of agenda items (6:33–6:34 p.m.) 4.Comments and questions from the public not related to the agenda (6:35–6:45 p.m.) 5.Councilors’ Announcements and Reports on Committee assignments and City Manager’s Report (6:45–6:55 p.m.) 6.Consent Agenda: (6:55–7:00 p.m.) A.*** Consider and Sign Disbursements 7.*** Warned for 6:30 p.m.: Hold a Public Hearing on City Plan 2024 – Paul Conner, Planning & Zoning Director (7:00–7:30 p.m.) 8.*** City Council discussion of City Plan 2024 and possibly warn a Public Hearing for January 29, 2024 at 7:00 p.m. – Paul Conner, Planning & Zoning Director (7:30-7:45 p.m.) 9.*** Vermont Land Trust/Bread & Butter Farm conservation project at Auclair Farm: Review and approve Non-Development Agreement (“NDA”) and City Right of First Refusal (“ROFR”) for area excluded from conservation on Parcel B of the former Auclair Farm property, in line with prior City Council decision to release pre-approved funds on condition of City Council approval of NDA and ROFR – Paul Conner, Planning & Zoning Director (7:45-8:00 p.m.) 180 MARKET STREET, SOUTH BURLINGTON, VERMONT | (802) 846-4107 | WWW.SOUTHBURLINGTONVT.GOV 10. *** Initial update on the FY25 School Budget and Act 127 and Common Level of Appraisal (CLA) implications – Violet Nichols, Superintendent of Schools, and Kate Bailey, School Board Chair (8:00-9:00 p.m.) 11. Other Business (9:00-9:10 p.m.) 12. Adjourn (9:10 p.m.) Respectfully submitted: Jessie Baker City Manager ***Attachments included Champlain Water District Check/Voucher Register - Check Report by Fund From 1/9/2024 Through 1/9/2024 Check Date Check Number Vendor Name Invoice Description Check Amount Invoice Number 1/9/2024 4695 F.W. Webb Company Meter Tail Pieces 555.50 83681693 1/9/2024 4696 Frank W. Whitcomb Construction Stone 298.22 90023-00018712 1/9/2024 4697 Office Essentials of Vermont Envelope and Clips 32.97 39869 1/9/2024 4698 South Burlington Sewer Department December 2023 Sewer Billings 443,326.11 SEWER-123123 1/9/2024 4699 South Burlington Stormwater Department December 2023 Stormwater Fees 183,144.42 STORM-123123 Total 70 - South Burlington Water Department 627,357.22 Report Total 627,357.22 70 - South Burlington Water Department SOUTH BURLINGTON CITY COUNCIL Date: 1/3/2024 7:57:53 AM Page: 1 2 MEMORANDUM TO: Jessie Baker, City Manager South Burlington City Council FROM: Kelsey Peterson, Senior City Planner Paul Conner, Director of Planning & Zoning SUBJECT: Draft CityPlan 2024; Second Public Hearing DATE: January 8, 2024 City Council meeting This week the Council will hold its “continued” public hearing from January 2nd. The Plan was enclosed with your 1/2/24 packet and is posted to the website as well, alongside the Planning Commission’s Report. Following receipt of any additional comments from the community, the Council is invited to close the public hearing. From there, the Council has a couple of different options: Option 1: Adopt Plan as presented. The Council may, following the hearing, take action to adopt the 2024 City Plan. Motion: “I move to Adopt CityPlan 2024 as presented” Option 2: Defer action to a future meeting. The Council may, following the hearing, decide to take the action to adopt the Plan at an upcoming meeting, as at least one member of the Council will likely not be present on 1/8. No action is required at this time except to determine the meeting the proposed action should be scheduled for. Option 3: Make changes & vote to warn a third public hearing for 1/29. The Council may, following the public hearing, make additional changes to the Plan. In order to maintain the continuity of the City’s Plan, however, it would need to decide at this meeting the specific changes it wishes to make and then warn an additional hearing for Monday, January 29th. Motion: “I move to make the following changes to the draft City Plan as presented and to warn a public hearing on the modified Plan for Monday, January 29 at 7 pm [insert changes here]” 180 Market Street South Burlington, VT 05403 tel 802.846.4106 fax 802.846.4101 www.sbvt.gov MEMORANDUM TO: South Burlington City Council FROM: Kelsey Peterson, City Planner SUBJECT: Auclair Conservation FOR: January 17, 2023, City Council meeting The Vermont Land Trust and Bread & Butter Farm are continuing to work on closing the conservation easements on the former Auclair farm property located near the intersection of Hinesburg Road and Cheesefactory Road. The project involving approximately 375 total acres includes permanent conservation of approximately 362 acres of farmland, woodland, and wetlands, supports agriculture (including Bread & Butter Farm and its educational mission) and recreational opportunities for South Burlington, and creates a new network of public recreation paths. It has been divided into three Parcels: Parcel A, Parcel B, and Parcel C. Please see the attached map for the locations of these three parcels The conservation of the three Parcels has continued on three timelines. As noted in the map, Parcel A is 191 acres and was conserved in 2020. The conservation easement on Parcel C is 67 acres and should be closed on in January 2023, but we have no further updates on if that has happened. VLT will acquire the Parcel C land after closing on the easement. These transactions require no further City funding. Parcel B is approximately 104 acres of land to be conserved and approximately 13 acres of excluded area. Vermont Land Trust is scheduled to close on a conservation easement on Parcel B in February or March 2023. Originally, it was intended that an entity called an “Agrarian Commons” that would acquire the underlying land concurrent with the closing of the easement, but that entity has not yet been created. The underlying land will remain held by Dirt Capital, an intermediary funder, until a new entity is established or Bread & Butter Farm works out another way to acquire the land outright. The City of South Burlington committed to providing $915,000 from the City’s Open Space Fund to fund conservation of the Auclair farm parcels, primarily as a funding match and/or other leverage to obtain other grant funding, including from the federal government. Of that, approximately $605,000 has already been released. The City Council has approved the remaining $309,033 toward the acquisition of the conservation easement on Parcel B. The City Council needs to act to release those remaining funds to enable the acquisition of the conservation easement on Parcel B with a likely closing in February or March 2023. This will enable the closing of the conservation easement; it does not transfer the underlying land. It continues to be the intention of VLT and Bread & Butter Farm that the Parcel B land will go to an agricultural entity. VLT and Bread & Butter continue to work with other partners to determine how to structure such an entity (likely a new Agrarian Commons model) and to transfer the land from Dirt Capital to the new entity. It would protect the interests of the City of South Burlington to require a simple Right of First Refusal on the excluded area (approximately 13 acres not covered by the conservation easement). This provides another 2 stopgap because the property will remain in the hands of a funder, not a local nonprofit and/or agricultural entity. It would not apply to transfers from Dirt Capital to an Agrarian Commons or Bread & Butter Farm, or similar entity, but it would apply to any transfer to another party. This provides a backstop for the City to ensure that land related to the land conserved with the contribution of City funds is not sold in the future to a private enterprise if an agricultural entity does not materialize and the acquisition of the underlying parcel does not occur. VLT and City Staff have also worked to write a Memorandum memorializing what the City’s contribution has accomplished. This includes description of the conservation, recreation, and educational goals that have been enabled by the City funds. It also describes the intention that the land move into local non-profit ownership and the City be involved in the governance of a new entity. The Memorandum has also been attached to this memo. Proposed Action: • Allocate the remaining $309,033 from the City’s Open Space Fund toward the VLT acquisition of the conservation easement on Parcel B conditional on the execution of an acceptable Right of First Refusal on the so-called “excluded area” of 13.41 acres of Parcel B • Approve the Memorandum documenting the conservation, agricultural, recreational, and other public benefit outcomes of the City’s total approximately $915,000 funding Municipal Land IState LandVLT Conserved Land 1:15,000Subject Parcels Proposed Public Trail Proposed Bike Path Auclair/Bread & Butter Conservation Project Conservation Overview City of South Burlington, VT VermontLand Trust - 2 - DIVISION OF PROPERTY AGREEMENT This Division of Property Agreement (the “Agreement”) is by and between the CITY OF SOUTH BURLINGTON, a Vermont municipality in Chittenden County, Vermont (the “City”) and WILD TURKEY DIVIDE, LLC, a Vermont limited liability company with a place of business in Chatham, New York and its successors and assigns (“Wild Turkey, and collectively with the City, the “Parties”) and is made and entered into as of _______________2024 (the “Effective Date”). Background 1. Wild Turkey owns the lands and premises being all and the same lands and premises conveyed from Heather Auclair, Jennifer Morway and Heidi Auclair, Trustees of the Ernest Auclair Family Trust to Wild Turkey Divide, LLC by Warranty Deed dated October 5, 2018 and recorded in Volume 1442 at Page 35 of the City of South Burlington Land Records (the “Property”). The Property is comprised of: (a) the land depicted as “Wild Turkey Divide, LLC n/f, 1442/35, Lot #2, Slide #623.1, Total Area, 5,114,430 S.F., 117.41 Acres” (the “VLT Parcel”) on a survey entitled: “Conservation Easement Survey Showing Lands to be Excluded, Lands of Wild Turkey Divide, LLC with Conservation Easement Rights to be held by Vermont Land Trust, Route 116 & Cheese Factory Road, South Burlington, VT” prepared by Button Professional Land Surveyors, PC dated November 19, 2021 and recorded in Map Slide ___ of the City of South Burlington Land Records (the “Survey”); and (b) “Excluded Area, 584,190 S.F., 13.41 Acres” on the Survey (the “Excluded Parcel”). 2. Wild Turkey is conveying the fee interest in the VLT Parcel to Dirt Captial Partners, LLC (“DCP”), which is a related entity of Wild Turkey. DCP will then grant a perpetual conservation easement to VLT on the VLT Parcel then subsequently convey the fee interest in the VLT Parcel to VLT. VLT anticipates using the VLT Parcel solely for agricultural or forestry purposes. 3. The division of land in South Burlington is governed by Section 15A of the Land Development Regulations adopted on June 5, 2023 (the “Regulations”) and generally requires approval of the Development Review Board (the “DRB”); provided however, Section 15A.02 of the Regulations sets forth a number of “exceptions” involving the division of land that can occur “without first obtaining subdivision approval from the DRB,” including Section 15A.02(B)(6), which provides: The division, lease or use of a portion of a parcel larger than twenty-five (25) acres solely for agricultural or forestry purposes, which does not require a new highway access or the installation of a permanent road or municipal infrastructure, provided that an instrument which waives development rights, until or unless subdivision review occurs, is approved by the City Attorney and City Council and is recorded in city land records. 4. The Parties enter into this Agreement pursuant to Section 15A.02(B)(6) of the Regulations in order to enable the division of land so as to convey the VLT Parcel to VLT with Wild Turkey retaining the Excluded Parcel. 5. The City has agreed that a covenant that encumbers the title to the Property and that runs with the land will ensure compliance with Section 15A.02(B)(6) until or unless subdivision review occurs, and therefore, VLT and Wild Turkey agree that the following covenants shall apply to the Property. N O W , T H E R E F O R E , In consideration of the foregoing and the mutual covenants and agreements herein set forth, the parties hereby agree as follows: Section 1. Applicable Ordinance. This Agreement is created for the purpose of complying with the requirements of Section 15A.02(B)(6) of the Regulations to ensure the Property is used solely for agricultural or forestry purposes and does not require a new highway access or the installation of a permanent road or municipal infrastructure until or unless subdivision review occurs. Also until or unless subdivision review occurs, Wild Turkey waives all develop rights to the Property. The City hereby agrees that, provided that the Parties comply with all of the terms and conditions herein,: (a) this Agreement complies with and satisfies Section 15A.02(B)(6) of the Regulations,; and (b) upon the recording of this Agreement in the City of South Burlington Land Records, the VLT Parcel can be conveyed to DCP and ultimately VLT with Wild Turkey retaining the Excluded Parcel without any further action by the City, including, without limitation, subdivision approval by the DRB or any further action by the Administrative Officer. Section 2. Restrictions. Subject to the terms and conditions hereof, and pursuant to the Regulations, the Property shall be used solely for agricultural or forestry purposes until or unless subdivision review occurs. No “Development”, as defined by the Regulations shall occur on the Property until or unless subdivision review occurs. Section 3. Duration. This Agreement shall run with the title to the Property until the first to occur of the following (each a “Termination Event”): (a) the division of the Property by lawfully permitted means, including, without limitation, the subdivision approval by the DRB or administrative officer under the Regulations; (b) an instrument executed by all Parties or their successors and assigns confirming the termination of this Agreement; (c) the date on which the VLT Parcel and Excluded Parcel come under common ownership. Upon a Termination Event, this Agreement shall be terminated and be of no force and effect, and the Parties agree to sign and record evidence of a Termination Event at the request of any Party. Section 4. Future Review. The City acknowledges and agrees that Wild Turkey (including its successors and assigns) and VLT (including its successors and assigns) may seek subdivision approval in the future. Such a subdivision application may be accompanied by Site Plan application or another application to develop the Excluded Parcel. All owners of the Property must sign any subdivision, Site Plan, or other application submitted to the City. In the event of such an application, the City acknowledges and agrees that the VLT Parcel and Excluded Parcel shall be considered to be a single lot for purposes of Site Plan Review or similar review under the Regulations, including, without limitation, any provision requiring that a certain portion of the subject property being used for conservation purposes (i.e. the VLT Parcel shall be considered together with the Excluded Parcel in any subdivision or Site Plan application requiring a certain portion of a property be used for open space or conservation). Wild Turkey acknowledges and agrees that during subdivision review, no waiver of the requirements of the City’s Land Development Regulations then in effect will be granted by the City based on any needs that arise as a result of the boundary lines drawn during any division of the Property occurring before subdivision review in compliance with Section 15A.02(B)(6). Section 5. Right of First Refusal. Upon the conveyance of the VLT Parcel to DCP, the Excluded Parcel shall be subject to a Right of First Refusal (the “Right of First Refusal”) in favor of the City under the following terms: It is expressly understood and agreed that this Right of First Refusal shall not apply to: (i) the transfer of the Excluded Parcel to a subsidiary or other legal entity owned or controlled by Wild Turkey or its members; or (ii) the transfer or sale to Bread & Butter Farm LLC (or an entity owned or controlled by Bread & Butter Farm LLC), Corie Pierce (or an entity owned or controlled by Corie Pierce), Brandon Bless (or an entity owned or controlled by Brandon Bless), or the transfer or sale to a nonprofit entity whose purpose is to provide comprehensive infrastructure in support of the greater farm community; provided, however, that the Excluded Parcel in the hands of such transferee or transferees shall continue to be subject to the terms of this Right of First Refusal. The City acknowledges and agrees that this Right of First Refusal shall be automatically subordinate in priority to all existing and future mortgages placed on the Excluded Parcel by Wild Turkey or Wild Turkey’s successors and assigns, without the need for additional documentation. The Right of First Refusal, however, shall survive foreclosure and remain in effect unless and until terminated in accordance with this Agreement. The Right of First Refusal shall terminate upon the occurrence of the first of the following: (a) upon the failure by the City to exercise its Right of First Refusal within the time period described below in Section 5(e); (b) upon the recording of one or more deeds conveying the whole of the Excluded Parcel to the City; (c) upon the recording a written termination of this Right of First Refusal signed by both Wild Turkey and the City and recorded in the City of South Burlington Land Records; or (d) upon a Termination Event. Upon receipt of a bona fide offer to purchase all or a part of the Excluded Parcel from a third party, Wild Turkey shall provide the City with written notice of all of the terms of such third-party offer (the “Offer Notice”). A third-party offer made to Wild Turkey containing one or more conditions precedent shall be deemed a bona fide offer for the purposes of this Right of First Refusal. If the City elects to exercise its Right of First Refusal, the City shall have the option to waive such conditions precedent at the time of exercise, or it may have the benefit of such conditions. The City shall exercise its Right of First Refusal, if at all, by delivering a written acceptance notice to Wild Turkey, within sixty (60) days after the City receives the Offer Notice (the “Acceptance Notice”). If the City delivers its Acceptance Notice and exercises its right to purchase the property described in the Offer Notice, Wild Turkey shall convey the property described in the Offer Notice to the City upon the same terms and conditions as described in the Offer Notice. The City’s Right of First Refusal shall automatically terminate if the City fails to deliver its Acceptance Notice to Wild Turkey within sixty (60) days after the City receives the Offer Notice or if the City otherwise notifies Wild Turkey that it does not wish to exercise its Right of First Refusal. The execution and recording of an Affidavit by Wild Turkey following the expiration of the sixty (60) day period after the City receives the Offer Notice that the City failed to deliver its Acceptance Notice within the required sixty (60) day period shall be conclusive evidence of the termination of the Right of First Refusal. If the City does not exercise its rights hereunder, Wild Turkey shall be free to sell the described property to the original offeror according to the terms of the Offer Notice; provided, however that if such sale is not completed within one (1) year of the date of the Offer Notice, this Right of First Refusal shall be reinstated as to such property. Section 6. Waiver. The failure of either party to insist on strict performance of any of the provisions of this Agreement or to exercise any right it grants will not be construed as a relinquishment of any right or a waiver of any provision of this Agreement. No waiver of any provision or right shall be valid unless it is in writing and signed by a duly authorized representative of the party granting the waiver Section 7. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and assigns.. Section 8. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Vermont, without regard to its choice of law rules. Section 9. Notices. Any notices to be given pursuant to this Agreement shall be sufficient if given by a writing deposited in the United States mail, certified mail or registered mail, return receipt requested, postage prepaid, by commercial courier, provided the courier's regular business is delivery service and provided further that it guarantees delivery to the addressee by the end of the next business day following the courier's receipt from the sender, by facsimile or by email (provided that the electronic process used is reasonably secure and not easily susceptible to manipulation) addressed as follows: If to the City: City of South Burlington Attn: Jessie Baker, City Manager City Hall, 180 Market Street South Burlington, Vermon 05403 jbaker@southburlingtonvt.gov If to Wild Turkey: Wild Turkey Divide LLC Attn: Jacob Israelow 32 Main Street, Suite 203A Chatham, NY 12037 Email: jacob@dirtpartners.com or to such other person, address or number as the party entitled to such notice or communication shall have specified by notice to the other party given in accordance with the provisions of this Section 8. Any such notice or other communication shall be deemed given: (i) if mailed, three (3) days after being deposited in the mail, properly addressed and with postage prepaid; (ii) if sent by courier, the next day after being deposited with the courier, properly addressed and with prepaid; (iii) if sent by telecopy or email, when transmission has been electronically confirmed; and (iv) if sent by e-mail, upon receipt of a read-receipt or other acknowledgment of receipt by the recipient. Section 10. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Section 11. Further Assurances. The parties agree to execute, acknowledge, if necessary, and deliver such documents, certificates or other instruments and take such other actions as may be reasonably required from time to time to carry out the intents and purposes of this Agreement. Section 12. Severability. If a court of competent jurisdiction determines that any portion of this Agreement is illegal, unenforceable or invalid, then that portion shall be considered to be removed from this Agreement, the remainder shall remain in full force and effect, and the parties shall cooperate to modify the Agreement to cause it to conform to the original language of the Agreement to the extent consistent with the finding of the court. Section 13. Entire Agreement. This Agreement constitutes the entire agreement between the parties relating to its subject matter, and supersedes all prior representations, understandings and agreements, written or oral, express or implied. [Signature Page Follows] IN WITNESS WHEREOF, the parties, as evidenced by the signature of their Duly Authorized Agents, do hereby execute this Agreement this ____ day of ______________, 2024. CITY OF SOUTH BURLINGTON By:____________________________________ Duly Authorized Agent STATE OF VERMONT COUNTY OF CHITTENDEN, SS. Before me, on this _____ day of ________________, 2024, personally appeared ______________________, Duly Authorized Agent of CITY OF SOUTH BURLINGTON, known to me to be the person who executed the foregoing instrument, and he/she acknowledged this instrument, by him/her signed, to be his/her free act and deed and the free act and deed of CITY OF SOUTH BURLINGTON. Notary Public Printed Name: Commission No.: Commission Expires: 1/31/25 [Signature Page Follows] WILD TURKEY DIVIDE, LLC By:____________________________________ Duly Authorized Agent STATE OF _____________ COUNTY OF ___________________, SS. Before me, on this _____ day of ________________, 2024, personally appeared ______________________, Duly Authorized Agent of WILD TURKEY DIVIDE, LLC, known to me to be the person who executed the foregoing instrument, and he/she acknowledged this instrument, by him/her signed, to be his/her free act and deed and the free act and deed of WILD TURKEY DIVIDE, LLC. Notary Public – State of Vermont Affix Notary Stamp/Seal [Signature Page Follows] Vermont Land Trust, Inc. and Dirt Capital Partners, LLC join in the execution of this Agreement as anticipated successors to Wild Turkey Divide, LLC and, upon obtaining an interest in the Property, agree to be bound by the terms and conditions of this Agreement. VERMONT LAND TRUST, INC. By:____________________________________ Duly Authorized Agent STATE OF VERMONT COUNTY OF _______________________, SS. Before me, on this _____ day of ________________, 2024, personally appeared ______________________, Duly Authorized Agent of WILD TURKEY DIVIDE, LLC, known to me to be the person who executed the foregoing instrument, and he/she acknowledged this instrument, by him/her signed, to be his/her free act and deed and the free act and deed of WILD TURKEY DIVIDE, LLC. Notary Public – State of Vermont Printed Name: Commission No.: Commission Expires: 1/31/25 WILD TURKEY DIVIDE, LLC By:____________________________________ Duly Authorized Agent STATE OF _____________ COUNTY OF ___________________, SS. Before me, on this _____ day of ________________, 2024, personally appeared ______________________, Duly Authorized Agent of DIRT CAPITAL PARTNERS, LLC, known to me to be the person who executed the foregoing instrument, and he/she acknowledged this instrument, by him/her signed, to be his/her free act and deed and the free act and deed of DIRT CAPITAL PARTNERS, LLC. Notary Public – Affix Notary Stamp/Seal January 4, 2024 Dear State Legislator, I am writing to share my grave concerns related to public education funding after receiving Common Level of Appraisal (CLA) information in conjunction with impacts associated with Act 127.As a result, South Burlington School District is in a grim position.For FY25 our CLA is 82.54%,which gives us a post-CLA homestead tax increase of 18.26% (it would have been 28.45% without the 5% cap). If we had zero increases in expenditures from our FY24 budget, because of the Act 127 methodology and CLA impact, our post-CLA tax increase would still be 13.57%. To get to 13.57%, which is nearly triple our historic rates, we would need to cut $6.6 million from our FY24 budget, which would decimate our schools. It would be the equivalent of approximately 75 teachers. Our community cannot support even a 13.57% homestead tax increase (with historic trends being closer to 5%) and I am concerned our budget will be voted down in March, causing a genuine crisis in our schools. If that occurs, how can we meet education quality standards, class size requirements, implement Act 173 or VTmtss? How can we serve the needs of our special education or multilingual students? How could we even transport students to schools? Looking ahead, my concerns grow exponentially surrounding the impacts of Act 127 and CLAs in South Burlington and Chittenden County, especially as we prepare for FY30, where there will be no tax cap to protect taxpayers from large increases generated by the implications of Act 127 and lowered CLAs. The reductions that the South Burlington School District would have to make to put forward a budget anywhere near historic tax rates would irreparably harm our schools for years to come. Without reappraisal, CLAs will likely continue to drop. Nearly all of Chittenden County (except Charlotte and Richmond, who had new appraisals performed in 2023) will be facing similarly daunting tax increases: Further,the yield’s ability to support Act 127 obligations is also extremely troubling. Even with responsible expenditure increases by Districts negatively impacted (i.e. lower than the 9.9%net education spending per LTWADM threshold that secures the 5%pre-CLA cap on tax increases),the yield is at a level that must decrease to support the funding model.I would additionally implore you to implement a CLA cap to help mitigate the already debilitating impact of Act 127 on our local education taxes. I ask that you consider these concerns and reevaluate improvements to education funding.I support the State’s goals of improving equity and overall education quality statewide,and I think with modifications to Act 127,we could make greater strides toward these shared goals.Public education is not only crucial for the students we have in our schools every day,but for the community of South Burlington,and our state as a whole.We are all in this together. Thank you for your consideration and your service to our communities.I feel fortunate to work in a state where our legislators and senators support education and equity. Sincerely, Violet Nichols Superintendent,South Burlington School District South Burlington School District January 10, 2024 Final Draft of FY25 Budget We inspire all learners to make a difference in the world. 1 Violet Nichols, Superintendent Tim Jarvis, Sr. Director of Finance and Operations Annette Harton, Business Manager TABLE OF CONTENTS 1.Third Draft of Budget Information a.Contributing Factors 2.Worksheet for Proposed FY25 Budget 3.FY25 Budget Highlights 4.FY25 Notable Incremental Expenses 5.Looking Beyond FY25 6.Explanatory Note of FY22 Audit Surplus 7.Considerations for Proposed Staffing Levels 8.Proposed Staffing Changes 9.Act 127 Tax Impact 10.FY24 vs FY25 Tax Rates 11.Current Status 12.Timeline 2 THIRD DRAFT OF BUDGET INFORMATION This working draft of the FY25 proposed budget would generate a residential homestead tax rate increase of: 18.27% after applying CLA (5.00% before applying CLA) * Note: 60% of SB homestead owners pay a lower rate by receiving a property tax credit based on household income and home value 3 This draft prioritizes student-facing positions, an elementary literacy program, math and literacy specialists, supports multilingual and special education students, and includes facilities upgrades related to our safety audit. BUDGET DEVELOPMENT INFORMATION: Contributing Factors Expenditures ●Current estimated inflation rate of 2.5-3.0% will cause upward pressure on non-compensation expenses (e.g. supplies, professional services, transportation, equipment). ●Combined Impact of negotiated CBA settlements for the teachers and union support staff, increases in non-union wages, higher staff replacement costs and proposed net FTE changes will add approximately 5.4% to the total expense budget for Salaries & Wages. Union negotiation for Administrators is still in progress. ●Estimated 11.76% increase in health insurance and other employee benefits will add approximately 2.5% to the total expense budget. ●Principal and Interest payments on the approved 2023 Bond (ZEMs and Capital Improvements) and other debt will add approximately $1M in expenses. Continued focus on addressing deferred maintenance/facilities needs and school safety enhancements. Revenues ●$2.27M budget surplus from FY22 can be applied either as an offset to FY25 budget expenses, or allocated for other purposes (with School Board/voter approval). We also anticipate an available surplus of approx. $500,000 from FY23 (pending finalized audit). ●Impact fees to offset investment in ZEMs (estimated by city at approximately $1.1M). State Factors ●The Dec. 1st Tax Commissioner’s Letter announced a FY25 Yield of $9,452, which is 38% lower than FY24’s Yield. ●Initial new pupil weights of Act 127 were released by state on 12/5 and continue to be revised ●Common Level of Appraisal (CLA) was released the evening of 1/2/24 at 82.54% with SB suffering a 11.22% decrease which dramatically raises the residential education tax rate, even with the Act 127 pre-CLA cap of 5.00% 4 FY25 Proposed Budget Expenditures $69,192,891 Increase of 10.66% Less Offsetting Local, State and Federal Revenues $13,442,056 =Net Education Spending $55,750,835 LTW ADM (Long Term Weighted Average Daily Membership)4,105.56 (As of 01/02/2024) Net Ed Spending per LTW ADM (Net Ed Spending/LTW ADM)$13,579.35 (Increase of 6.07%) Estimated Yield (to be set by the Legislature)$9,452 Equalized Tax Rate (Spending per LTW ADM/Yield)$1.3172 (5% capped rate) (Notional Increase of 14.52% is rate of $1.4367) Common Level of Appraisal (CLA)82.54% (Decrease of 11.22%) = Actual Residential Tax Rate (Equalized Tax Rate divided by the CLA)$1.5959 (Increase of 18.27%) SBSD BUDGET WORKSHEET FOR PROPOSED FY25 BUDGET 5 FY25 PROPOSED BUDGET HIGHLIGHTS 6 FY25 NOTABLE INCREMENTAL EXPENSES 7 LOOKING BEYOND FY25 8 Act 127 was designed to give school districts that are disadvantaged by the new weighting system (the “givers”) a 5-year period to adjust spending levels without suffering egregious impacts to their homestead property tax rates during this period, and especially after the tax relief cap is lifted in FY30. However, the steep decrease in CLA for SB has created a significant current and future tax challenge. Historical tax rates could only be achieved through extreme cost-cutting (or a legislative change in the Act 127 methodology). It is unlikely that the CLA will rise in future years as SB home sale prices are likely to continue to exceed their appraised values. Given that approximately 80% of our entire expenditure budget is allocated to employee wages and benefits, management of staff FTE levels is the primary lever we can use to protect ourselves from these negative impacts. Employee expenses in the FY25 budget represent a 9.87% year-on-year increase. They contribute 7.94% of the 10.66% expenditure increase we are recommending for FY25. The recurring cost of salaries and benefits is likely to continue to rise over the next few years, further reinforcing the need to closely manage our total number of FTEs, as well as other expenditures, in order to prepare ourselves for the ramifications of the tax cap removal scheduled for FY30. EXPLANATORY NOTE ON FY22 AUDIT SURPLUS 9 The FY22 financial audit reflected a surplus of $2,266,362. Per Vermont statute, this can be applied in one of 2 ways: Option 1: Carry the funds into the FY25 budget as revenue. Given the mechanics of Act 127, choosing this option would have zero impact on the homestead tax rate, thus adding no value to the district or the taxpayer and is essentially throwing away the surplus. Option 2: Allocate the funds to our Capital Reserve Fund for future facilities improvements. From an accounting perspective, it is necessary to treat the amount as revenue, which will be offset. While there is zero impact on the homestead tax rate, the “gross” expenditure line of the budget will reflect a higher dollar value (i.e. a 14.28% increase versus the effective 10.66% increase contained in the current proposal). This is completely offset by an equal and opposite increase in the revenue line. We strongly recommend that the Board support Option 2 and places this item on the March ballot for voter approval to reappropriate FY22 surplus funds to our Capital Reserve Fund. CONSIDERATIONS FOR PROPOSED STAFFING LEVELS 10 ●Net addition of 0.6 FTEs for FY25 Budget ●Education model changes for Special Education Services driven by requirements of Act 173 (MTSS - Multi-Tiered System of Supports) ●Prioritize elementary literacy program, math and literacy specialists, multilingual students with student-facing positions PROPOSED STAFFING CHANGES 11 Location Role FTE Rationale Estimated Cost (Salary and Benefits) Funding Source Orchard Unfilled Interventionist (for 1 Special educator) -3.0 Model change to support special education students, reduce hard to fill/unfilled intervention/para positions. -$192,033 local RMCS 2.0 Para Educators (for 1.0 Special educator) -2.0 Model change to support special education students; hire highly qualified staff and reduce hard to fill/unfilled intervention/para positions. Aligned with Act 173 -$137,886 local FHTMS Universal Design for Learning (UDL) Coach -1.0 Prioritizing student-facing positions; reappropriated grant funding toward RMCS literacy specialist. -$116,181 100% Grant funded FHTMS 2.0 Para Educators (for 1.0 Special educator) -2.0 Model change to support special education students; hire highly qualified staff and reduce hard to fill/unfilled intervention/para positions. Aligned with Act 173 -$137,886 local District Unfilled Bus Drivers -2.0 Currently have 4 unfilled FTEs, remaining unfilled for long periods of time, we are actively seeking drivers -$107,000 local District Mentor Coordinator -0.5 FTE reappropriated to multilingual coordinator based on student need -$34,600 local SBHS .4 Art-ESSER -0.4 Pottery, Advanced Art, & Photography. All sections are currently full or near full. Allows students to meet Graduation Requirements/Proficiencies -$33,810 local PROPOSED STAFFING CHANGES 12 Location Role FTE Rationale Estimated Cost (Salary and Benefits) Funding Source SBHS Student Engagement Coordinator-ESSER 1.0 Manages SBHS Activities Block, engages all students by providing access to clubs, encourages attendance $72,545 local FHTMS Special Educator 1.0 Model change to support special education students; hire highly qualified staff and reduce hard to fill/unfilled intervention/para positions. Aligned with Act 173 $106,860 local FHTMS Health & Wellness-ESSER 0.2 Needed to support health curriculum mandated by law $22,280 local Chamberlin Health & Wellness-ESSER 0.2 Needed to support health curriculum mandated by law $19,900 local RMCS Health & Wellness-ESSER 0.5 Needed to support health curriculum mandated by law $55,699 local RMCS Math Interventionist-ESSER 1.0 Necessary to provide layer II interventions as required by Act 173 $135,804 local RMCS Special Educator 1.0 Model change to support special education students; hire highly qualified staff and reduce hard to fill/unfilled intervention/para positions. Aligned with Act 173 $106,860 local PROPOSED STAFFING CHANGES 13 Location Role FTE Rationale Estimated Cost (Salary and Benefits) Funding Source RMCS Literary Specialist 1.0 Necessary to provide layer II interventions as required by Act 173 $106,860 100% grant funded Orchard Health & Wellness-ESSER 0.5 Needed to support health curriculum mandated by law $55,699 local Orchard Special Educator 1.0 Caseload numbers as well as a shift in special education practices $106,860 local District Multilingual Coordinator 1.0 Needed to support our increasing multilingual student population, including an increase in students who are new to the United States, as well as those with interrupted learning. Reappropriating mentor coordinator FTE as well as multilingual liaison funding. $115,299 .8 local, .2 Title III District Custodians 1.1 Currently being filled by subs, this is associating an FTE with work being performed, likely to be cost neutral $91,565 local District PreK Coordinator 1.0 Necessary to support PreK programming and ensure early childhood success $106,860 Grant Funded (IDEAB) District Contingency Teacher 1.0 Due to Policy G6, class size $106,860 local Total 0.6 TOTAL $450,555 ACT 127 TAX IMPACT ●Once all the necessary formula inputs and calculations are provided by the state (e.g. Yield, new Act 127 Pupil Counts), there are 2 simple questions we need to answer to assess the Act 127 tax impact of our proposed budget. There are 4 potential scenarios based on those answers. ●Note that all tax rates mentioned below are on a pre-CLA (Common Level of Appraisal) basis. Does our calculated FY25 per pupil spending number go up by 10% or more compared to the FY24 equivalent number? NO YES Does our calculated FY25 homestead tax rate go up by more than 5.00% compared to the FY24 rate? NO District tax rate is as calculated and there is no Tax Rate Review or cap on tax rate. District tax rate is as calculated , potentially subject to a Tax Rate Review. YES District tax rate is capped at a 5% increase and there is no Tax Rate Review. This scenario is where we currently are with a 6.07% Net Education Spending per pupil increase and a notional pre-CLA calculated tax increase of 14.52%, capped at 5.00% District tax rate is capped at a 5% increase and a Tax Rate Review is held. If the budget increase is deemed justified, the district rate is capped at 5%. If the budget increase is determined not to be fiscally prudent, the 5% cap does not apply and the district tax rate as calculated is applied. 14 ACT 127 TAX IMPACT (pre-CLA)15 FY24 vs. FY25 TAX RATES (post CLA)16 ●92.97% is current CLA for FY24 ●60% of SB homeowners (3,036 recipients from 5,073 total homesteads) are eligible to pay a lower rate than above by receiving a property tax credit based on household income and home value ●If CLA had remained the same as it was in FY24 (92.97%), the tax impact would reflect only the 5% cap offered by Act 127. The further increase to 18.27% is entirely attributable to the CLA impact which is out of SBSD’s control ●The calculated tax rate above remains exactly the same for expenditure levels between $64,670,000 and $71,380,000 (currently set at $69,192,891) due to the 5% pre-CLA cap ●Even with a zero increase in expenditures versus FY24 ($62,528,029) our post-CLA tax increase would still be 13.57% because of the Act 127 methodology and CLA impact WHERE DO WE CURRENTLY STAND? ●The current working draft of our FY25 budget reflects: ○Expenditures: $69,192,891 (10.66% increase vs FY24 adopted) ○Revenues: $13,442,056 (4.11% increase vs FY24 adopted) ○Net Ed Spending: $55,750,835 (12.36% increase vs FY24 adopted) ●Given the per pupil spending threshold and tax capping mechanics of Act 127, the Expenditure line could be as low as $64,670,000 (3.42% increase vs FY24 adopted) and as high as $71,380,000 (14.16% increase vs FY24 adopted) with the exact same impact on the residential homestead tax rate (a 5.00% increase before the Common Level of Appraisal is applied, and 18.27% after CLA). 17 BUDGET DEVELOPMENT PROCESS: Timeline ●January 22: Steering Committee Meeting ●February 5: Budget Books Available ●March 5: Town Meeting Day- Vote on the school budget ●Updated information available at www.sbschools.net/budgetfy25 18 Thank you! DISCUSSION & QUESTIONS 19 Act 127 www.sbschools.net/budgetfy25