The change will save the town about $300,000, but it will force about 900 public school students to find another way to school.
Some might have to walk as far as two miles.
The 6-3 vote came after a 90-minute public debate, with many parents urging the board to sacrifice other programs instead.
The town is also considering a plan to impose a busing fee of about $50 a month to share the cost of bussing.
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