Budget

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Scott administration to present budget rescission plan Thursday

MONTPELIER — The Scott administration will present its plan Thursday to cut $12.6 million from the state’s General Fund and $3.5 million from the Transportation Fund to balance the state budget after a revenue downgrade was issued last month. Administration officials will meet with the Legislature’s Joint Fiscal Committee Thursday. The plan relies primarily on the expected generation of new revenue, some budget cuts and some reversions, or reallocating previously unspent funds. The administration’s budget rescission plan comes after economists for the administration and Legislature issued a revenue downgrade in July. The General Fund was downgraded by $28.8 million, including $16.3 million that is expected to be paid out in the form of corporate income tax refunds during the 2018 fiscal year. Continue Reading →

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Blue Cross Blue Shield of Vermont seeks $10.3 million from state

MONTPELIER — Blue Cross Blue Shield of Vermont is seeking $10.3 million from the state for premiums and services it did not receive payment for as the insurer works to close out its 2016 book of business on the state’s health insurance exchange. It is the third year in a row since Vermont Health Connect launched that Blue Cross Blue Shield of Vermont and the state are undergoing a process known as reconciliation. The state paid $1.6 million to BCBS for the 2014 plan year and $3.5 million for the 2015 plan year. The reconciliation process is necessary because the state’s online insurance marketplace was not fully implemented when it launched and some technological elements did not function correctly, resulting in discrepancies within the billing and enrollment system of Vermont Health Connect. In some cases, consumers terminated their insurance plans but the change took months to take effect within the system. Continue Reading →

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Listen: Capital Beat Podcast 4.27.17

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Freelance journalist and VTDigger columnist Jon Margolis joins Vermont Press Bureau chief Neal Goswami and Vermont Public Radio political reporter Peter Hirschfeld this week. Topics include accomplishments of Gov. Phil Scott and the Legislature in their first 100 days and lingering disagreements over the state budget. Subscribe to the Capital Beat Podcast on iTunes for the latest episodes. Continue Reading →

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Senate advances budget and tax bills unanimously

MONTPELIER — The Senate advanced its version of the 2018 fiscal year state budget and a corresponding tax bill Wednesday on unanimous votes. The Senate’s spending plan, passed on a 30 to 0 vote, includes a $1.56 billion General Fund, which is 1.7 percent higher than the current 2017 fiscal year budget. It is slightly lower than the House-passed version, however, which grew 1.8 percent over the current year. Overall, the Senate’s total state budget including all state and federal funds totals $5.83 billion — slight more than the House’s $5.815 billion in total spending. The Senate version spends more than $13 million in ways that differ from the House proposal, which cleared the House on a 143 to 1 vote. Continue Reading →

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Watch: Capital Beat with Sen. Jane Kitchel and Rep. Kitty Toll

Sen. Jane Kitchel, D-Caledonia, the chairwoman of the Senate Appropriations Committee, and Rep. Kitty Toll, D-Danville, chairwoman of the House Appropriations Committee, are on the program this week to discuss the 2018 fiscal year state budget. The two sisters are charged with ushering a nearly $6 billion budget through the Legislature. Capital Beat airs on Vermont PBS Plus Mondays at 8:30 p.m. Continue Reading →

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House passes budget plan with just one no vote

MONTPELIER — Tax and spending bills in the Vermont House received broad, tri-partisan support on the floor for the first time in many years as the body agreed to balance a projected state budget gap without raising taxes and fees. Majority Democrats secured the support of Republicans and managed to hold onto left-leaning Progressives as they crafted a budget bill that cuts into existing services. The House gave preliminary approval to the annual tax bill on a 138 to 0 vote Thursday morning, followed by preliminary approval of a 2018 fiscal year state budget on a 143 to 1 vote later in the afternoon. The House’s tax bill does not create any new taxes or fees, nor does it raise existing ones. It does raise about $5 million in revenue, however, by counting on better compliance from Vermonters, which was enough to gain the support of the entire GOP caucus. Continue Reading →

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Scott praises House budget work, seeks some concessions

MONTPELIER — Republican Gov. Phil Scott heaped praise on a budget plan crafted by House Democrats Wednesday, noting they followed his directive to forego raising taxes and fees. Still, the governor said he is hoping the House budget plan will still be amended Thursday and Friday as the full House debates the proposal to incorporate more of his ideas. “I mean this sincerely — I think they’ve done a lot of work and I appreciate their efforts. They could have gone in a different direction. They could have tried to raise taxes and fees and continued down this path that we’ve been going for the last decade or so, but they didn’t. Continue Reading →

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House Appropriations sends state budget to the floor

MONTPELIER — The House Appropriations Committee gave unanimous approval Monday to a state budget plan that closes a $72 million projected gap between revenue and expenses without raising taxes and fees, a demand from Republican Gov. Phil Scott that has loomed over the Democratic majority for months. Overall, the Appropriations Committee, chaired by Rep. Kitty Toll, D-Danville, opted to cut general fund spending by about $67 million. Another $5 million in revenue is expected to be generated through enhanced compliance of existing taxes. The plan was approved by the committee on a 11 to 0 vote Monday afternoon, and won the support of four Republican members. The House’s 2018 fiscal year spending plan does not raise taxes or fees, as Scott demanded. Continue Reading →

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Listen: Capital Beat Podcast 3.17.17

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VTDigger’s Elizabeth Hewitt joins Vermont Press Bureau chief Neal Goswami and Vermont Public Radio political reporter Peter Hirschfeld on the podcast this week. Topics included the state budget and House Democrats’ frustration with Republican Gov. Phil Scott. Subscribe to the Capital Beat Podcast on iTunes for the latest episodes.   Continue Reading →

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Watch: Capital Beat with House Speaker Johnson and Senate Pro Tem Tim Ashe

House Speaker Mitzi Johnson and Senate President Pro Tem Tim Ashe join the show to discuss progress on crafting the state budget, disagreements with Gov. Phil Scott and legislation that will be considered in the second half of the legislative session. Capital Beat airs on Vermont PBS Plus Mondays at 8:30 p.m. Continue Reading →

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