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State Cutting Education Funding | Concord News
School funding is in crisis as the state’s share has plummeted from 35% to just over 25%, forcing homeowners and businesses to shoulder the burden through skyrocketing property taxes—now covering 63% of costs, up from 54% a decade ago. State revenue sources like business taxes, lotteries, and tobacco have also been slashed or redirected, creating a vicious cycle where local budgets get squeezed. The SWEPT tax, though collected locally, acts as state aid—but only if your town has valuable property or few students; otherwise, it gets redistributed to help struggling communities. This tangled…
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