Financial Resources: Indicator Definitions

15) Adjusted Gross Income (AGI) per exemption: The average gross income per exemption based on Vermont Income Tax returns. Income is capped at $150,000 for this calculation. Data for schools with multiple sending schools are calculated from the aggregate of all sending towns.  Data are reported in two ways:

(1) AGI ($) and
(2) Relative rank in the state (A rank of 1 is HIGH income, 315 is LOW income).

Source: Vermont Department of Taxes

16) Median Income for Joint & Head of Household The median income for people who filed Joint or Head of Household returns.  Data for schools with multiple sending schools are calculated from the aggregate of all sending towns.  Data are reported in three ways:

(1) MJHH ($)
(2) Relative rank in the state (A rank of 1 is HIGH income, 315 is LOW income).
(3) Percent of MJHH returns filed that are below $75,000

Source: Vermont Department of Taxes

Considerations: AGI and MJHH are not measures of the "income sensitivity" provisions of the Equal Educational Opportunity Act (Act 60) and should not be used to estimate its impact.

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