Andy Pallito

Recent Posts

State start-up costs for legal pot: $2.2 million

MONTPELIER — State officials estimate the state’s start-up cost for legal marijuana to be $2.2 million dollars, paid for by future receipts, or what one lawmaker referred to as “deficit spending.”

On Tuesday, the Senate Finance Committee took testimony on what would be needed for the state to implement legal cannabis, with a target legalization date of Jan. 1, 2018. At $920,000, the largest of the expenditures would be for the Vermont Department of Taxes, which would be charged with developing a system to collect excise taxes from distributors. Also included is $500,000 for the Department of Health to do educational outreach to teens, including specific efforts to reach out to gay, lesbian, bisexual and transgendered teens. According to the Vermont Youth Risk Behavior Survey, these populations are more likely to use marijuana than their peers. Continue Reading →

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Health care costs drive budget adjustment

MONTPELIER — Health care costs are are driving a proposed budget adjustment from the Governor’s Office to the tune of $70 million. The House Appropriations Committee spent Monday reviewing a proposal that would add an additional $88.9 million to the FY 2016 budget, with the lion’s share of the increase due to the state’s expansion of health care. Much of that will be covered by federal funding. “Of the 88.9 million, $70 million is for DVHA (Department of Vermont Health Access) or Medicaid,” said Andy Pallito, commissioner of the Department of Finance and Management. Since 2012, the state has made a concerted effort to provide health care for all Vermont residents. Continue Reading →

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Jim Reardon to retire from state government

MONTPELIER — Commissioner of Finance Jim Reardon, who has crafted state budgets for Democratic Gov. Peter Shumlin and former Republican Gov. James Douglas, is retiring after nearly 30 years of state service. Reardon’s retirement was part of several staff changes the governor announced Tuesday. Reardon has served as finance commissioner since February 2005. Before that he served as deputy finance commissioner and financial operations ,anager for the Agency of Human Services. Current Department of Corrections Commissioner Andy Pallito has been tapped to replace Reardon. Continue Reading →

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