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 web shows how state decisions directly pinch everyday wallets and community coffers. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0c4bfa6fc6e63be5