budget

Recent Posts

Podcast: Scott discusses deliberative transition process

Play

Listen to the podcast below:

MONTPELIER — With just over a month to go before he takes office, Gov.-elect Phil Scott has yet to name any top cabinet positions, but promises his deliberative selection process will result in a full cabinet by early January. Since winning the governor’s office on Nov. 8, Scott, a Republican, has appointed four people to serve on his staff. But top-level cabinet positions remain unfilled. Six years ago, outgoing Democratic Gov. Peter Shumlin named several such appointees within a couple of weeks of his election. Continue Reading →

Filed under: , , , , , , ,

Shumlin seeks 3.1 percent boost in FY2017 budget, expansion of provider assessment

MONTPELIER — Gov. Peter Shumlin is looking to address a deficit in the state’s Medicaid program by expanding a tax on health care providers in the $1.537 billion 2017 fiscal year budget proposal he revealed Thursday. Shumlin, a Democrat who is not seeking re-election, delivered the final budget proposal of his tenure to lawmakers Thursday. His proposal, outlined in his 30-minute address inside the House Chamber, would boost spending by 3.1 percent over the current fiscal year — after mid-year adjustments are put in place. Shumlin touted his budget as responsible and necessary, noting he closed a projected $68 million gap between anticipated revenues and spending without the use of one-time funding for ongoing expenses for the first time since before the Great Recession. The 3.1 percent spending increase matches projected revenues, he said. Continue Reading →

Filed under: , , , , , , ,

Republicans react to budget address

MONTPELIER – Democratic Gov. Peter Shumlin’s budget address Thursday drew both praise and criticism from lawmakers on the other side of the aisle. Republican legislators praised initiatives that they claimed to be their own, while continuing to hammer Shumlin on the budget and the nearly $100 million shortfall. Senate Minority Leader Joe Benning, R-Caledonia, took issue with raising the payroll tax as a method to leverage more money for Medicaid. “We’re in a really tough budget year. Everybody knows that, so when you hear a budget that is still relying on federal money, is still relying on another tax, that becomes problematic to me,” Benning said. Continue Reading →

Filed under: , , , , , , ,

Administration seeks $17 million more in cuts

MONTPELIER — The Shumlin administration announced Wednesday it is seeking $17 million more in mid-year budget cuts to account for poor revenues. The announcement follows a $31 million rescission in August. Administration officials said Wednesday that the state’s economic recovery is ongoing but revenue has not rebounded as economists had previously predicted. Democratic Gov. Peter Shumlin forewarned earlier this month that additional budget cuts were likely. “Prudence dictates that our administration take steps without delay to ensure spending does not exceed available revenues,” Jim Reardon, commissioner of Finance and Management, said in a statement Wednesday. Continue Reading →

Filed under: , , , , , , ,

State budget talks: Input wanted

State budget talks begin tomorrow, and the state wants your input. A draft copy of the presentation is available here, and an edited press release follows:

The first of two public forums occurs tonight to discuss the state budget process, revenues and expenditures. As required by state legislation, public participation is required in the development of budget goals and general prioritizing and evaluation of spending and revenue initiatives. “We hope to engage the public in a discussion about the goals, opportunities and complexities of putting together the State budget,” Finance & Management Commissioner Jim Reardon said in a statement. “We’ll discuss revenues and expenditures and conduct a budget exercise about priorities for how state funds might be directed.” Continue Reading →

Filed under: , , , , ,