Appropriations

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Scott announces downtown tax credit recipients

MONTPELIER — Gov. Phil Scott said projects in Montpelier, Rutland and other Vermont communities are receiving $2.7 million in state tax credits to help fund redevelopment projects in downtown and village centers across the state. Scott said the tax credits approved by the state have generated more than $53 million in investment in 22 separate projects. In downtown Montpelier, a tax credit worth nearly $300,000 will help renovate the the two upper floors of the French Block, which have been vacant for more than 75 years. The two floors will contain 18 new apartments, including 14 affordable units, when the project is completed. The total project is expected to cost more than $5.4 million. Continue Reading →

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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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Scott signs 2018 budget

MONTPELIER — Gov. Phil Scott signed the 2018 fiscal year state budget into law Wednesday, just days ahead of the new fiscal year that starts Saturday. Scott, a first-term Republican, was surrounded by members of his administration, Democratic and Republican lawmakers and advocates for various state-supported programs as he touted the budget. Lawmakers passed the budget last week in a special veto session after Scott vetoed their initial effort last month. Scott said the 2018 spending plan “represents real progress and a shift in thinking.”

“This budget, for the first time in recent memory, does not raise taxes or fees. That includes property tax rates. Continue Reading →

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Lawmakers pushing forward on budget deal

MONTPELIER — Gov. Phil Scott stood side-by-side with legislative leaders Wednesday morning to announce a deal on how to save property tax dollars on teacher health care plans, an issue that held up the end of the legislative session last month and led to vetoes of the state budget and property tax yield bill. Wednesday was the first of a scheduled two-day veto session after Scott, a Republican, vetoed the state budget and a the yield bill, which sets property tax rates, because lawmakers did not include his demand to save up to $26 million on the cost of teachers health care plans by, in part, creating a statewide negotiation for health benefits. The day began with Scott, House Speaker Mitzi Johnson, D-South Hero, and Senate President Pro Tem Tim Ashe, D-Chittenden, holding a State House news conference to tout the accord. Scott said the deal “will help the state achieve significant savings in the Education Fund” and “will set property tax rates at or below fiscal year 2017 levels.”

“The resolution reached is indeed a compromise, but it’s a good one that saves taxpayers millions. We found areas of common ground and we each gave on areas where there was none,” Scott said. Continue Reading →

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Lawmakers adjourn, await veto

MONTPELIER — Lawmakers ended the legislative session early Friday morning, passing a state budget and other key bills, but with no accord reached with Gov. Phil Scott on the cost of teachers’ health care benefits, lawmakers will surely return next month for a veto session. House Speaker Mitzi Johnson, D-South Hero, and Senate President Pro Tem Tim Ashe, D-Chittenden, met with the Republican governor several times Thursday hoping to hammer out a deal. The meetings occurred with such frequency that rank-and-file lawmakers began to assume a deal was imminent. But the legislative leaders finally acknowledged Thursday evening that a deal was to remain elusive and set in motion the process required to complete the budget and other money bills without the governor’s approval for adjournment. Scott, who spoke to both chambers before they adjourned, reaffirmed his intention to veto the budget and a bill that sets property tax rates. 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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