Budget and Spending

Budget and spending issues.

Recent Posts

Minter outlines tax policy

6263542143_28e02e831e_b

MONTPELIER — Democratic gubernatorial nominee Sue Minter says she will seek tax fairness as governor and look to lower the burden on low- and middle-income Vermonters by closing loopholes enjoyed by the wealthy and corporations. According to Minter, the tax policies she will propose as governor may incorporate some elements of the Blue Ribbon Tax Structure Commission report released in 2011. The report, which was shelved by policymakers in Montpelier, recommended expanding the sales tax to “all consumer-purchased services with limited exceptions for certain health and education services and business to business service transactions.”

Minter expressed an interest in dusting off the commission’s report during a WDEV radio debate on Sept. 14, saying she would look at expanding the base of the sales tax to include services. Her Republican opponent, Lt. Gov. Phil Scott and the Vermont Republican Party pounced, announcing to Vermonters in a coordinated effort that Minter wants to tax hair cuts, among other services that Vermonters pay for. Continue Reading →

Filed under: , , , , , , ,

Story + Podcast: Shumlin narrows focus in final months

Gov. Peter Shumlin
Play

Listen: Capital Beat Podcast with Gov. Peter Shumlin

MONTPELIER — With just three months left in office, Democratic Gov. Peter Shumlin says he plans to push hard to complete a handful of projects before his successor is sworn into office in early January — including an overhaul of how the state pays for health care services. Shumlin, who is not seeking re-election after his third term expires, reflected in an interview about his time in office and pledged to continue his work until his final day as governor. “This is the best job that anyone can ask for, being governor of Vermont. It’s been an extraordinary privilege. One thing that governors do every day is focus on what they were elected to do, which is to grow prosperity, grow jobs, make sure our state remains the best place to live and work and raise a family. Continue Reading →

Filed under: , , , , , , ,

Scott releases economic plan, seeks tax cuts and credits

Lt. Gov. Phil Scott, the Republican nominee for governor, discusses his economic plan at Firetech Sprinkler in Colchester. (VPB/Neal Goswami)

COLCHESTER — Lt. Gov. Phil Scott, the Republican nominee for governor, released an economic plan Thursday that he says will focus on major fiscal issues and lead to a more vibrant economy. Scott, who co-owns Dubois Construction with a cousin, released the plan at a news conference at Firetech Sprinkler, saying it will lead to job creation and help lift wages for Vermonters. He chose to hold the press conference Thursday morning rather than attend a debate hosted by WDEV radio at the Tunbridge World’s Fair with his Democratic opponent, Sue Minter. “As a small business owner myself, I put my faith in the skills, work ethic and ingenuity of working Vermonters every single day. That’s why Vermonters can count on me to lead a state government that leverages our talented work force and our commitment to hard work and innovation,” he said. Continue Reading →

Filed under: , , , , , , ,

Economists: state revenues to grow less than expected

Economists Tom Kavet, right, and Jeff Carr, left, present a new revenue forecast to the Emergency Board on Thursday, July 21. (VPB/Neal Goswami)

MONTPELIER — Economists for the Shumlin administration and Legislature issued a revised state revenue forecast for the current fiscal year Thursday that projects a total of $28 million less in revenue, but growth over the 2016 fiscal revenues. Tom Kavet and Jeff Carr, consulting economists for the administration and lawmakers, issued their revised revenue forecast Thursday to the state’s Emergency Board, which includes the governor and the four chairs of the Legislature’s money committees. Revenue for the state’s general fund was lowered by $21 million, while revenues for the transportation and education funds were lowered by $3.5 million and $3.4 million, respectively. Still, revenues are expected to grow above the 2016 fiscal year, which closed on June 30, both Kavet and Carr said. “The upturn continues, that’s the good news,” Carr told the Emergency Board. Continue Reading →

Filed under: , , , , , , ,

Revenue downgrade expected Thursday

Revenue

MONTPELIER — The Shumlin administration is expecting economists to issue a downgraded revenue forecast this week, continuing a trend of lackluster revenue growth in recent years. The state’s Emergency Board — comprising the governor and the heads of Legislature’s four money committees — will gather Thursday to receive a new consensus forecast. The updated revenue prediction is not expected to be good news. Administration Secretary Justin Johnson said the administration expects Tom Kavet and Jeff Carr, consulting economists for the administration and lawmakers, to predict lower revenues for the 2017 fiscal year than they first forecast in January. The revenue forecast accepted by the Emergency Board in January already included a $9.1 million downgrade for 2017. Continue Reading →

Filed under: , , , , , , ,

VSEA prevails with the Vermont Labor Relations Board

irmY8HhD

MONTPELIER — The Vermont Labor Relations Board ruled in a split decision Tuesday in favor of the Vermont State Employees Association in its contract dispute with the Shumlin administration. Both parties agreed to seek a two-year labor contract to succeed the current deal that is set to expire on June 30. The two sides had difficulty agreeing to terms, however, and reached in impasse. A deal was still elusive after mediation efforts, resulting in the appointment of a mutually agreed upon fact finder who held two hearings in January. Both sides submitted their last best offers to the Vermont Labor Relations Board last month and it was tasked with choosing between them. Continue Reading →

Filed under: , , , , , , ,

State and VSEA send labor contract dispute to the Labor Relations Board

Secretary of Administration Justin Johnson

MONTPELIER — A labor contract dispute between the Vermont State Employees Association and the state is now before the Vermont Labor Relations Board, which will hold a hearing early next month on the ongoing disagreement. Both parties have agreed to seek a two-year labor contract to succeed the current deal set to expire on June 30. But coming to terms on the finer details of deal has been elusive. After reaching an impasse in negotiations, both sides agreed to mediation, but still did not find agreement. A fact finder was appointed and held two hearings in January. Continue Reading →

Filed under: , , , , , , ,

House Appropriations passes budget with a 2.6 percent increase

House Appropriations Committee Chairwoman Mitzi Johnson, D-South Hero, right, confers with Rep. Kitty Toll, D-Danville, center. (VPB/Neal Goswami)

MONTPELIER — The House Appropriations Committee voted to advance a 2017 fiscal year state budget Monday on a 10 to 1 vote that will hit the House floor later this week. According to the Legislature’s Joint Fiscal Office, general fund spending under the committee-passed budget is set to rise by nearly $58.88 million, or 4 percent, from $1.48 billion to $1.54. The total budget is set to rise by about $144 million, or 2.6 percent, from $5.63 billion to $5.77 billion. That includes an increase in federal funds of about 2.2 percent, rising to $2.04 billion. Appropriations Committee Chairwoman Mitzi Johnson, D-South Hero, said the committee has made gains with structural problems in the state budget that critics have complained about for years. Continue Reading →

Filed under: , , , , , , ,

Ways and Means approves $14.1 million of new revenue in tax bill

6629120915_556a318093_m

MONTPELIER — The House tax writing committee has advanced a revenue bill that raises $14.1 in new money for the general fund and other special funds, but some lawmakers say it is just a fraction of the $48 million in new revenue the committee is expected to raise in total. The House Ways and Means Committee voted Wednesday night 7 to 4 to approve a miscellaneous tax bill — before the House Appropriations Committee has completed work on its budget. That has some members of Ways and Means complaining that budget writers have little incentive to make cuts to state spending. Rep. Janet Ancel, D-Calais, the committee’s chairwoman, said she took the unusual step of voting on a revenue package before the budget is finalized because some members of the committee will be out for an extended period. “I have two members of the committee who aren’t going to be here,” she said. Continue Reading →

Filed under: , , , , , , ,

Child care, disabled services and after-school activities top budget hearing

MONTPELIER — Advocates for child care, after-school activities and the disabled called for greater funding for their causes during a hearing Thursday night at the State House. Perhaps it was due to the regional public forums happening next week, but Thursday’s hearing before the House Appropriations Committee drew a modest turnout. But, those people who did show up offered passionate testimony on behalf of their issues. Currently, the committee is reviewing the proposed budget from the Shumlin Administration for FY 2017, which includes a 3.1-percent increase compared with the current fiscal year, taking into account mid-year adjustments. According to Gov. Peter Shumlin, the proposed budget increase matches projected revenues. Continue Reading →

Filed under: , , , , , , ,